Ever heard of Ally Bank? It’s one of the largest internet banks and features a load of benefits for its members such as competitive rates, grow your money faster with interest compounded daily, Ally Ten Day Best Rate Guarantee, deposits insured by the FDIC, and trust accounts. Right now you can sign up for their no penalty CD with up to 1.75% APY. The 11 month CD tiers also allows you to get an APY of 1.50% for less than a $5,000 opening deposit, 1.60% with a $5,000 minimum opening deposit, and 1.75% with a $25,000 minimum opening deposit. If you are contemplating from saving short term to a longer term, why not settle in between for this fantastic APY Rate of up to 1.75% with one of the largest internet banks! Hurry and take advantage of this offer as we all know good things aren’t meant to last forever!
Editor’s Note: Rate is effective as of 12/19/2017
Ally Best Of Online Banking:
There are a number of reasons why you should choose Ally Bank. Since Ally Bank is an online bank, they reduce the cost of having to maintain physical stores and puts that extra cash into giving customers great rates and excellent customer service. There are no hidden fees, no maintenance fees, and no minimum balance required. It’s easy for you to add money to your account with Ally Bank’s Ally eCheck Deposit feature. Get the best rate that Ally Bank has to offer when you fund your CD within 10 days of your open date. One of the best features is that you can grow money, interest is compounded daily instead of most banks that only compound them monthly.
There is a significant difference when it comes to CDs vs a Savings account. CDs help you save by holding your money until a certain date, and usually will have a higher rate than the same amount you put into a savings account. A savings account lets you earn interest on the money you deposited and you may withdraw funds at any time. With Ally Bank both the 18 Month & the 3 Year accounts let you open with no minimum deposit and both gives you amazing rates.
Ally No Penalty CD Monthly Rate:
With Ally Bank’s High Yield 11 month CD rate you can make a minimum deposit of $25,000 to get a APY rate of 1.75%. Ally Bank has a higher APY rate than most major banks such as Bank of America, American Express, etc. With the convenience factor at hand it’s clear that Ally has the upper hand being an online only bank you don’t have to deal with the lines, looking for a branch etc. And since we’re in the digital age, why are we still worried about banking through a branch when we can save and access our funds just as conveniently, if not better, through an amazing online bank such as Ally Bank? You can rest assure that you will obtain the same benefits of getting your money secured but also being able to deal with service anytime you need it and you can track your funds and account as easily as logging into your social media account!
This is the bank for you if you’re looking for a bank that’s got convenience, one of the highest APY rates out there, competitive interest rates and all the good stuff that makes your banking easier. Be sure to check out Ally Bank’s No Penalty 11-month CD for 1.75% APY with a minimum of a $25,000 deposit. Ally Bank is one of the most popular banks simply because they offer such great rates. Add that with the daily compounded interest, insured deposits, no maintenance fees and you’ve got a great option for a bank that you’ll love to use! If you want to check out some more bank rates check out our full list of best CD rates now!
The Blue Cash Preferred® Card from American Express offers a $350 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
• 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%)
• 6% Cash Back on select U.S. streaming subscriptions
• 3% Cash Back at U.S. gas stations.
• 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses & more.
• 1% Cash Back on other eligible purchases.
The card does come with a $95 annual fee. (See Rates & Fees)