Shopping for a certificate of deposit (CD) can be a challenge. Many banks offer different kinds of CDs, and often there's a lot of fine print to read. At Ally Bank, we keep it straightforward. Ally Bank CD rates are consistently among the most competitive in the country according to rates published by, and there's no minimum opening deposit. We offer three CD products to meet your needs. Plus, banking with Ally Bank is safe, secure and convenient. If you're shopping for a CD, here are a few reasons why an Ally Bank CD might be right for you.

Competitive CD Rates
Because Ally Bank doesn't have the expense of traditional bank branches, we're able to pass the savings on to our customers in the form of great rates. Plus, Ally Bank compounds interest daily for maximum earnings. You can find current Ally Bank CD rates by visiting our website. You can also compare Ally Bank CD rates to other banks' CD rates by clicking the "compare" tab.

At Ally Bank, we offer a number of ways to stay on top of your accounts and get answers to questions you may have. You can manage your CD on our website, or speak with a customer service representative 24/7 via chat or phone at 877-247-ALLY (2559).

Three Different CD Products
At Ally Bank, we offer three kinds of CDs:

  • High Yield CD—A CD with our fixed rate for a fixed term.
  • 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.

All your deposits at Ally Bank are insured by the FDIC up to the maximum amount allowed by law. We compound interest daily to help your balance grow faster. Learn more about the benefits of Ally Bank CDs at or call live, 24/7 customer care at 877-247-ALLY (2559) today.

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