If you're looking for a safe and predictable place to put your savings, it might make sense to look at certificates of deposit (CDs) with no minimum opening deposit.

Great rates and predictable earnings

CD interest rates generally are higher than those of savings or money market accounts. In addition, CD interest rates generally don't fluctuate once you make your opening deposit. Unless you choose a CD with a variable rate, such as the Ally Bank Raise Your Rate CD, you get a fixed rate for the life of your CD, meaning you know exactly what the financial outcome will be.


The consistency of CD interest rates isn't the only benefit to CDs. When you open a CD at an FDIC-member bank, your CD is insured by the FDIC up to the maximum amount allowed by law. Plus, since most CDs come with an early withdrawal penalty, you may be more likely to leave the money in the account and stick to your savings goals.


With the variety of CDs available, you're sure to find one that fits your savings goals. At Ally Bank, we offer a full range of CDs, including:

  • High Yield CD: A CD with our highest fixed CD rate for a fixed term—anywhere from three months to five years.
  • No Penalty CDs: The Ally Bank 11-month No Penalty CD 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 our Raise Your Rate 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.

At Ally Bank, we are committed to making saving as easy, secure and rewarding as it can be. There's no minimum deposit to open any of our accounts and all of our CDs are backed by the Ally Bank Ten Day Best Rate Guarantee. Learn more at Allybank.com or call live, 24/7 customer care at 877-247-ALLY (2559) today.

View CD Rates