The interest rates paid on high yield certificates of deposit (CDs) change all the time. One day one bank will be at the top of the list, and the next day it will be another bank in that position. But when you compare rates over time, you'll see some patterns. Ally Bank High Yield CD rates are consistently among the most competitive in the country.

That competitive edge is due in part to the fact that Ally Bank is an online bank. Without the expense of maintaining physical brick-and-mortar branches, we can pass the savings on to our customers in the form of great rates. We also back up those rates with other features that can also be important to you. One is stability: the funds in your Ally Bank High Yield CDs are insured by the FDIC to the maximum allowed by law. Another is choice: In addition to traditional high yield CDs, we offer:

  • No Penalty CD—A CD that allows you to withdraw all your money, including interest earned, without any penalty, any time after the first six days following the date you fund your account.
  • Raise Your Rate CDs—With these CDs, you have the option of a one-time rate increase if our 2-Year CD rate goes up; you have the option to increase your rate twice (two times) if our 4-Year CD rate goes up.

Ally Bank also offers excellent customer service and convenient access to your accounts. Explore our High Yield CD rates and terms, compare our rates to our competitors and even open an account online at or call live customer care at 877-247-ALLY (2559).

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