Managing money in your retirement years means balancing the amount you need in the short term with the money you can invest for later on. Certificates of deposit (CDs) can be a good way to get your money working hard for you. CD accounts typically earn a higher annual percentage yield (APY) than savings and money market accounts, but they usually come with an early withdrawal penalty if you access your money before the CD matures.

The Ally Bank No Penalty CD, however, allows you to withdraw all your money, including interest earned, without penalty, any time after the first six days following the date you fund your CD. That flexibility could be just the feature you need. With the Ally Bank No Penalty CD, you also enjoy other benefits:

  • No minimum opening balance
  • Ten Day Best Rate Guarantee: the best rate we offer for your CD term during the ten days starting with your CD open date, provided you fund your CD within that time.
  • Daily compounded interest for maximum earnings
  • Deposits insured by the Federal Deposit Insurance Corporation (FDIC) to the maximum allowed by law

Learn more at or call live, 24/7 customer care at 877-247-ALLY (2559).

Ally Bank, Member FDIC

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