In some ways, there's never been a better time to open a certificate of deposit (CD) account. With Wall Street's turbulent ups and downs, a CD generally is considered a smart and secure way to save. CDs usually have fixed annual percentage yields (APYs) and are insured up to the maximum amount allowed by law by the Federal Deposit Insurance Corporation (FDIC), at FDIC-member banks.

Once you've decided a CD is a good vehicle for your current goals, it’s time to do some research. is just one site you can use to do your CD rates comparison shopping. At, you’ll find the rates of some of our competitors right on our site alongside ours. In addition to a great rate, you’ll want to check out other features of any CD you are considering, such as:

  • Early withdrawal penalties. Most CDs charge you a fee if you withdraw your money before the CD matures. Be sure you understand how that is calculated before you commit to a term. One exception to this is the Ally Bank No Penalty CD.
  • Minimum opening balance requirements. Many banks require you to deposit a certain amount to open an account with them. At Ally Bank, you can open and fund an account with any amount.
  • How interest is compounded. The more often your interest is compounded, the faster your money grows. Ally Bank compounds interest daily. By comparison, some banks may compound monthly, quarterly, or even annually.

Get the Ally Bank Ten Day Best Rate Guarantee for CDs.

With the Ally Ten Day Best Rate Guarantee, when you fund your CD within 10 days of your open date, you'll get the best rate we offer for your term and balance tier if our rate goes up within that time. The Ally Ten Day Best Rate Guarantee also applies at renewal.

Learn more about how Ally Bank can help you reach your savings goals at or call live, 24/7 customer care at 877-247-ALLY (2559) today.

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