Find the latest Ally Bank CD Rates, Offers, and Promotions here.
Best CD Rates: 3.85% APY 11-Month No Penalty CD, 4.60% APY 13-Month CD, 4.35% APY 60-Month CD, No Minimum
Availability: Nationwide
Credit Inquiry: Soft Pull
Editor’s Note 11/3: Ally has confirmed that it’s fine to transfer funds between eligible Ally accounts at any time (both now and even after November 4th) and still maintain the 1% bonus.
“As long as the new money remains in an eligible Ally account until 1/15/23, then they would still qualify for the bonus. If, for instance, they transferred money to an online checking account prior to 1/15/23, which is not eligible, then that would impact the bonus.”
About Ally Bank CD Rates
Ally Financial Inc. is a leading digital financial services company. Ally Bank, the company’s direct banking subsidiary, offers an array of deposit and mortgage products and services. Their commitment to their customers has been at the core of who we are for 100 years. They are relentlessly focused on “Doing it Right” and being a trusted financial services provider to our consumer, commercial, and corporate customers.
Ally Bank offers a vast array of products including CD options for all of your specific financial needs. From checking and savings account to loans and CDs, you are bound to find one that works for you.
| Term | APY Rate | Minimum Deposit |
| 3-Month | 2.00% | None |
| 6-Month | 3.40% | None |
| 9-Month | 3.50% | None |
| 11-Month No Penalty CD | 3.85% | None |
| 12-Month | 4.25% | None |
| 13-Month | 4.60% | None |
| 18-Month | 4.25% | None |
| 20-Month | 4.35% | None |
| 36-Month | 4.35% | None |
| 60-Month | 4.35% | None |
*The above rates are accurate as of 01/14/2023*
Ally Bank CD Rates
CDs are a certificate issued by a bank to a person depositing money for a specified length of time. Usually the longer a term, the higher APY rate you make.
Ally Bank just bumped up their 11-month no-penalty CD rate to 3.85% APY. You can treat this CD like a savings account since you can break it at any time.
With no opening deposit, you can invest in a Ally Bank CD account to maximize your earnings. Compare their offers now to find the solutions that fit best with your savings goals. Be sure to also check out the CD rates below to potentially find even better rates for you!
- Minimum deposit: None
- Maximum deposit: None
- Early withdrawal penalty: Withdrawal of dividends prior to maturity will reduce earnings
(FDIC Insured)
| Compare to the best CDs such as Sallie Mae Bank 27-Month CD (5.00% APY), Sallie Mae Bank 23-Month CD (4.85% APY), CIT Bank 18-Month CD (4.60% APY), Blue Federal Credit Union 15-Month CD (4.80% APY), Quontic Bank 12-Month CD (4.45% APY), Sallie Mae 14-Month No-Penalty CD (4.40% APY), and CIT Bank 11-Month No-Penalty CD (4.10% APY). |
Ally Bank CD Features
- No minimum deposit to open
- Interest compounded daily
- Automatically renews into a 12-month High Yield CD
- Your deposits are insured by the FDIC up to the maximum allowed by law
Bottom Line
Ally Bank offers you high, competitive CD rates to grow your savings. All you need to do is to pick your CD term and with no minimum deposit, anyone can qualify for this fantastic bonus.
This is ideal for accounts like Certificate of Deposits. Though the rates are worth checking out, be sure to still compare them with the nation’s best using our guides: CD Rates | Savings Rates.
*While Ally Bank does have competitive rates compared to traditional banks, I still recommend you take a look at Discover Bank Promotions here
| Sallie Mae | 5.00% APY 27-Month CD | Review |
| Sallie Mae | 4.85% APY 23-Month CD | Review |
| Blue Federal Credit Union | 4.80% APY 15-Month CD | Review |
| Bellco Credit Union | 4.75% APY 13-Month CD | Review |
| CIT Bank | 4.65% APY 13-Month CD | Review |
| CIT Bank | 4.60% APY 18-Month CD | Review |
| Great Lakes Credit Union | 4.60% APY 12-Month CD | Review |
| SkyOne Federal Credit Union | 4.50% APY 15-Month CD | Review |
| Blue Federal Credit Union | 4.45% APY 9-Month No Penalty CD | Review |
| Quontic Bank | 4.45% APY 12-Month CD | Review |
| Ponce Bank | 4.41% APY 4-Month No-Penalty CD | Review |
| Sallie Mae | 4.40% APY 14-Month No-Penalty CD | Review |
| Idabel National Bank | 4.35% APY 24-Month CD | Review |
| Discover Bank | 4.30% APY 60-Month CD | Review |
| Sallie Mae | 4.25% APY 10-Month No-Penalty CD | Review |
| SkyOne Federal Credit Union | 4.20% APY 12-Month CD | Review |
| CIT Bank | 4.15% APY 6-Month CD | Review |
| CIT Bank | 4.10% APY 11-Month No-Penalty CD | Review |
| State Exchange Bank | 3.75% APY 13-Month CD | Review |
This is a great opportunity to invest in a high-interest CD with a low balance from Ally Bank. However, you may want to compare them with our best CD Rates:
- 6-Month CD Rates
- 9-Month CD Rates
- 12-Month CD Rates
- 18-Month CD Rates
- 24-Month CD Rates
- 36-Month CD Rates
- 48-Month CD Rates
- 60-Month CD Rates
Be sure to apply as soon as you can to start your new account experience and start earning higher rates. Check back often for the latest Ally Bank CD rates!
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.
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