What could be easier than opening a certificate of deposit (CD) online? Plenty of sites offer search engines that allow you to find and compare the highest rates from all over the country in seconds. And you may quickly discover that rates for online CDs consistently outperform CD rates from traditional brick-and-mortar banks. The reason is simple: online banks such as Ally Bank don't have the expenses that come with staffing and maintaining branch banks, so we're able to pass the savings on to you in the form of great annual percentage yields (APYs).

Ally Bank offers rates that are consistently among the most competitive in the country, daily compounding interest, 24/7 live customer care and a wide variety of products, including CDs. Our online CDs offer terms ranging from 3 months to 5 years. Ally Bank even makes the decision about term easier, with alternatives to traditional CDs like our Raise Your Rate CDs and the 11 Month No Penalty CD.

Don't Miss Out on Rising Rates. With the Ally Bank Raise Your Rate CDs, you have the option of a one-time rate increase if our Ally 2-Year CD rate goes up; you have the option to increase your rate twice (two times) if our Ally 4-Year CD rate goes up.

Get Built-In Flexibility With No Early Withdrawal Penalty. The Ally Bank 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.

No matter which CD term you choose, here's a little icing on the cake: The Ally Bank 10-Day Best-Rate Guarantee gives you 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.

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

Ally Bank, Member FDIC

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