Comparing certificate of deposit (CD) rates has become as easy as checking out one of the many financial websites that compile and list Annual Percentage Yields (APYs) from around the country. MyBankTracker,, Bankaholic® and are just some of the sites that offer bank CD rates comparisons, along with information on savings, checking and just about every other kind of bank product out there.

But it's also important not to just go with whichever bank's rates are at the top of the list. Most of these financial websites will list the highest rates based on annual percentage yield (APY), but they’ll also provide information on minimum deposit requirements and links to bank websites for further information. Even if you're technophobic, there are still plenty of ways for you to get a snapshot of your choices. Publications like Kiplinger’s and Money® regularly publish CD rates, making them good places to do some research. However you do it, be sure to follow up and understand the details of any account you consider.

Online banks tend to offer some of the most competitive rates because they don't have the overhead costs of maintaining buildings and personnel in physical branches. And among online banks, Ally Bank CD APYs remain consistently among the most competitive in the country, as published at At Ally Bank, we don’t charge monthly maintenance fees and you can open and fund a CD with any amount.

Ally Bank offers a wide range of CDs to meet your goals, including the Raise Your Rate CD. With the Raise Your Rate CDs, you have the option of a one-time rate increase if our Ally Bank 2-Year CD rate goes up; you have the option to increase your rate twice (two times) if our Ally Bank 4-Year CD rate goes up.

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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