Getting the best possible result from a certificate of deposit, or CD, requires understanding exactly how your money will grow over time—a job that's made much easier simply by using a CD calculator.

The CD calculator from Ally Bank is quick and easy, and you can use it to road-test all of our CD products, including:

  • Raise Your Rate CDs. With these 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.
  • No Penalty CDs. These CDs allow 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.
  • High Yield CDs. CDs with a fixed rate for a fixed term.

Ally Bank CDs have many advantages. 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. We offer some of the most competitive rates available and your interest compounds daily, not monthly or quarterly. Plus, you can open and fund your CD with any amount.

Explore your options and learn more at or call live, 24/7 customer care at 877-247-ALLY (2559).

Ally Bank, Member FDIC

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