get rewarded when your cd renews.

get rewarded when your cd renews.

We’ll add 0.05% to your new interest rate when your CD renews.

Getting your loyalty reward.

Set up your CD for success.

To change terms or add funds, open the Ally Mobile app or log in to your account on your desktop computer.

Getting your loyalty reward.

You don’t have to do anything to receive your loyalty reward. At the end of your 10-day grace period, we’ll automatically add 0.05% to the new interest rate of any CD you renew into.


Making changes to your CD.

We make it easy to manage all aspects of your account online anytime, anywhere. You can add funds and change terms — all without having to pick up the phone.

Before CD maturity.

Want to add funds? — Your loyalty reward will apply to both new and existing funds, so take advantage of this opportunity to increase your CD savings. You can schedule a funds transfer up to one year before your CD maturity date. We'll usually initiate that transfer on your maturity date.

 

Want to change terms? — Not a problem. Just set your maturity instructions to change terms at renewal. Check out all our CD options.

After CD maturity.

If you haven’t already added funds or changed terms by the time your CD maturity date rolls around, don’t worry. You can still make changes during your 10-day grace period.

Renewal Timeline

The renewal timeline explains the 10-day grace period. Your new term starts on your CD Maturity date. Then you have 10 days to add funds and change terms. On the 11th day, 0.05% will be added to your new interest rate..
The renewal timeline explains the 10-day grace period. Your new term starts on your CD Maturity date. Then you have 10 days to add funds and change terms. On the 11th day, 0.05% will be added to your new interest rate..

Whatever you’re looking for, we have it.

Whatever you’re looking for, we have it.

Looking to renew your CD? We’ve got you covered.

Ally Bank 11-month No Penalty CD

%

Annual Percentage Yield


You can withdraw all of your money any time after the first 6 days following the date you funded the account, and keep the interest earned with no penalty.

 

Learn More

Ally Bank 14-month Select CD

0.60%

Annual Percentage Yield


Maximize your savings with this 14-month Select CD offer, available for a limited time.

 

 

Learn More

Our Annual Percentage Yields (APY) are accurate as of .

Interested in finding another place for your money?

Consider one of these great options.

Ally Bank Online Savings Account

%

Annual Percentage Yield


Grow your money faster with our smart savings tools, plus enjoy no monthly maintenance fees or minimum balance requirements.

 

Learn More

Ally Invest Robo Portfolio

$0

No advisory fees


For our cash-enhanced portfolio, there are no advisory fees, annual charges, or rebalancing fees, and 30% of your portfolio is set aside as an interest-earning cash buffer.

 

Learn More

Our Annual Percentage Yields (APY) are accurate as of .

Can’t decide between the two? Try both.

With both an Ally Bank Online Savings Account and an Ally Invest Robo Portfolio, you’ll be able to take advantage of our OAT (One Ally Transfer) feature. It allows you to easily move money from your savings into your Robo Portfolio, whenever you want, so you’ll be one simple step away from investing your money anytime.

Can’t decide between the two? Try both.

With both an Ally Bank Online Savings Account and an Ally Invest Robo Portfolio, you’ll be able to take advantage of our OAT (One Ally Transfer) feature. It allows you to easily move money from your savings into your Robo Portfolio, whenever you want, so you’ll be one simple step away from investing your money anytime.

They said it, not us.

They said it, not us.

On 11/24/2020, RayRay 300 said, “I will never turn down an increase in interest rate. Seamless transition to new renewal CD. Best rate in town for short term CDs.”
On 9/15/20, Connie 88 said, “I am so pleased with my online account.”
On 8/11/20, oldpens2004 said, “The process is totally trouble free…could not be simpler or easier.”

all bragging rights go to you.

You inspire us to be the best each and every day.

Money Magazine, Kiplinger's, and GoBankingRates.com named Ally Bank one of the Best Banks of 2020
Money Magazine, Kiplinger's, and GoBankingRates.com named Ally Bank one of the Best Banks of 2020

FAQs

We have answers.

 

Can I add funds once my CD matures?

Yes. When your CD matures, you’ll have a 10-day grace period, starting on your maturity date to transfer funds or make other changes. You can also schedule a transfer up to one year before the maturity date. If you schedule a transfer prior to maturity, we'll usually initiate that transfer on your maturity date. You can transfer funds from another Ally Bank account or a verified account you have at another institution. To add funds to your CD, choose Manage CDs and then Make Changes.

 

Can I renew into a different CD term?

Yes. To renew into a different CD, choose Manage CDs and then Make Changes. Your loyalty reward will be added to any CD you choose. Compare CDs

 

How do I withdraw funds from my CD at maturity?

At CD maturity, you can choose to close your CD and transfer funds to an existing Ally Bank account, a verified account you have at another institution or we can send you a check. You can also withdraw a partial amount. You can schedule a transfer up to one year before your CD matures or during your 10-day grace period. To make these changes, choose Manage CDs and then Make Changes and select either Withdraw partial amount or Close my CD at maturity under the Transfer Funds/Close CD dropdown menu.

FAQs

We have answers.

Can I add funds once my CD matures?

Yes. When your CD matures, you’ll have a 10-day grace period, starting on your maturity date to transfer funds or make other changes. You can also schedule a transfer up to one year before the maturity date. If you schedule a transfer prior to maturity, we'll usually initiate that transfer on your maturity date. You can transfer funds from another Ally Bank account or a verified account you have at another institution. To add funds to your CD, sign into the Ally Mobile app, choose Quick Tasks after the Current Balance, then choose Manage CDs.

 

Can I renew into a different CD term?

Yes. To renew into a different CD, sign into the Ally Mobile app, choose Quick Tasks after the Current Balance, then choose Manage CDs. Your loyalty reward will be added to any CD you choose. Compare CDs

 

How do I withdraw funds from my CD at maturity?

At CD maturity, you can choose to close your CD and transfer funds to an existing Ally Bank account, a verified account you have at another institution or we can send you a check. You can also withdraw a partial amount. You can schedule a transfer up to one year before your CD matures or during your 10-day grace period. Sign into the Ally Mobile App, choose Quick Tasks after the Current Balance, then choose Manage CDs. Select Make Changes to choose either Withdraw partial amount or Close my CD at maturity under the Transfer Funds/Close CD dropdown menu.

 

What if I don’t have the Ally Mobile app?

To manage your CD on your computer, log in to your account, select More and choose Manage CDs. Then select Make Changes.

Deposits products are offered by Ally Bank, Member FDIC.

 

Investment advisory products and services are offered through Ally Invest Advisors, a registered investment adviser. Investments in securities are NOT FDIC INSURED, NOT BANK GUARANTEED and MAY LOSE VALUE.

 

From MONEY, November 2021 © 2021 Meredith Corporation All rights reserved. MONEY® is a registered trademark of Meredith Corporation and is used under license. MONEY and Meredith Corporation are not affiliated with, and do not endorse products or services of, Ally Bank.

 

Securities products and services are offered through Ally Invest Securities LLC, member FINRA/SIPC.  You can find background on Ally Invest Securities at FINRA’s BrokerCheck.  View Securities Disclosures.  Advisory services are offered through Ally Invest Advisors Inc., a registered investment adviser.  View Advisory Disclosures.  Ally Invest Advisors and Ally Invest Securities are wholly owned subsidiaries of Ally Invest Group Inc.  Ally Bank and Ally Invest Group are wholly owned subsidiaries of Ally Financial Inc.  Securities products are NOT FDIC INSURED, NOT BANK GUARANTEED, and MAY LOSE VALUE.