When looking for the best certificates of deposit (CDs) for your needs, it's important to find a bank that helps you make the most of your money. These days, many people choose to open CDs with online banks.

Ally Bank, for example, is an online bank dedicated to providing great service along with great rates. Because we’re an online bank, we don't have the overhead that comes with maintaining branch banks, so we're able to pass the savings on to you in the form of certificate of deposit rates that are among the most competitive in the country.

In addition to great rates, we offer a variety of CDs:

  • High Yield CDs: The Ally Bank 12-month CD annual percentage yield (APY) is consistently among the most competitive, even when you include the average for banks that offer jumbo CDs. Jumbo CDs have an opening balance of $100,000 or more, and some banks offer higher APYs for those customers. Ally Bank offers the same great rate to everyone—you can open and fund your certificate of deposit with any amount.
  • 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 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.

In addition, all your deposits at Ally Bank are insured by the Federal Deposit Insurance Corporation (FDIC) up to the maximum allowed by law and backed by our Ten Day Best Rate Guarantee for extra peace of mind.

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

Ally Bank, Member FDIC

View CD Rates