Are you looking to invest in a high-yield CD? If so, you should check out Ally Bank’s High Yield CD, which offers anyone in the US the chance to earn at a competitive rate of 1.58% APY on an 2-year online CD. Before I continue, you should keep in mind that this rate applies to 5-year CDs that are closed in 2 years, so there will be fees applied. However, Ally Bank CDs have no monthly maintenance fees and no minimum opening balance. Once you finish your application, you can enjoy daily compounded interest and 24/7 online account access.
Ally Bank CD Account Information:
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- Account Type: High Yield CD Account
- APY Rate: 1.58%
- Availability: Nationwide
- CD Length: 2 years
- Soft/Hard Pull: Unknown
- Minimum Balance Requirement: $0
- Additional Requirements: None
- Early Withdrawal Fee: Yes, early withdrawal penalty will apply.
- Auto-Renewal: Yes, the account automatically renews at maturity.
Why You Should Apply for This Account:
Peace of Mind: No hidden fees. No maintenance fees. No minimum balance required
High Yield: At 1.58% APY, the 2-year CD account earns at one of the highest rates in the country for a short term CD.
Interest Compounded Daily. Ally grows your money faster with interest compounded daily. Many others compound monthly, quarterly, or even annually.
Never Lose Track of Your Funds: Access your account anytime, anywhere with online and mobile banking
FDIC Insured: You can feel confident knowing that your funds are insured up to the maximum amount of $250,000.
Check out Ally Bank’s online High Yield 2-year CD account and sign up to earn interest at a competitive rate of 1.58% APY. With no opening minimum deposit and no fees, you can definitely expect a nice return on your investment. This is a great chance to sign up for a high-interest CD account from Ally Bank, so take advantage of this nationwide offer. If you’re looking to invest with a different bank, you can find more of the Best CD Rates in the country from the HMB list!
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