Available to all residents across the nation, Ally Bank has wide array of products to meet your individual needs. They currently offer standard CD rates from 3-months to 60-months with 0.75% to 2.50% APY Rates. By joining Ally Bank and opening a CD account, you get to enjoy earning higher interest rate than regular savings account. All you need is $5,000 to open.
Right now, they are having a special 12-month CD term with up to 2.35% APY on all balances $0.01 or higher. If you are interested, make sure to read on to learn more about Ally Bank’s wide array of CDs and open your CD today!
| Service Credit Union | 4.50% APY 6-Month CD | Review |
| Western Alliance Bank | 4.50% APY 3-Month CD | Review |
| Western Alliance Bank | 4.40% APY 6-Month CD | Review |
| Rising Bank | 4.40% APY 6-Month CD | Review |
| Rising Bank | 4.35% APY 15-Month CD | Review |
| First Tech Federal Credit Union | 4.35% APY 13-Month Share Certificate | Review |
| Live Oak Bank | 4.30% APY 12-Month CD | Review |
| Live Oak Bank | 4.30% APY 12-Month Business CD | Review |
| Alliant Credit Union | 4.30% APY 12-Month Certificate | Review |
| Quontic Bank | Up to 4.25% APY CD | Review |
| Western Alliance Bank | 4.25% APY 12-Month CD | Review |
| Ponce Bank | 4.25% APY 3-Month High Yield CD | Review |
| Sallie Mae | 4.25% APY 14-Month CD | Review |
| Ponce Bank | 4.15% APY 4-Month No-Penalty CD | Review |
| Discover Bank | 4.10% APY 24-Month CD | Review |
| First Mid Bank & Trust | 4.08% APY 9-Month CD | Review |
| Sun Canyon Bank | 3.98% APY 11-Month CD | Review |
| Sallie Mae | 3.95% APY 10-Month CD | Review |
| Western Alliance Bank | 3.85% APY 5-Month CD | Review |
| GreenState Credit Union | 3.80% APY 10-Month CD | Review |
| Blue Federal Credit Union | 3.75% APY 9-Month No Penalty CD | Review |
| Blue Federal Credit Union | 3.75% APY 15-Month CD | Review |
| CIT Bank | 3.50% APY 13-Month CD | Review |
| CIT Bank | 3.50% APY 11-Month No-Penalty CD | Review |
| Southwestern National Bank | 3.40% APY 8-Month CD | Review |
| First Financial Northwest Bank | 3.00% APY 12-Month CD | Review |
| Ponce Bank | 3.00% APY 1-Month High Yield CD | Review |
| CIT Bank | 3.00% APY 6-Month CD | Review |
| CIT Bank | 3.00% APY 18-Month CD | Review |
Ally Bank CDs
CDs are a certificate issued by a bank to a person depositing money for a specified length of time and usually the longer of a term is – the higher APY rate you make! Ally Bank’s Best CD Offer pays the highest APY rate with a 3.10% APY rate on their 60-Month term.
However, their current promotion is the 12-Month CD special with 2.35% APY. Be sure to view our Best 12-Month CD Rates list and see how they compare. If you’re interested in making a higher rate than a traditional savings account then make sure to check out below CD rates.
High Yield CD Rates Increased
| Term | APY Rate | Minimum Deposit |
|---|---|---|
| 12 Month | 2.35% | $0.01 |
Certificates of Deposits Rates
| Deposit | Less than $5,000 | $5,000 to $24,999.99 | $25,000 or more |
|---|---|---|---|
| Term | APY Rate | APY Rate | APY Rate |
| 3 Month | 0.75% | 0.75% | 0.75% |
| 6 Month | 1.00% | 1.00% | 1.00% |
| 9 Month | 1.25% | 1.25% | 1.25% |
| 18 Month | 2.30% | 2.40% | 2.45% |
| 36 Month | 2.30% | 2.40% | 2.45% |
| 60 Month | 2.50% | 2.50% | 2.50% |
*Rates Effective As Of 09/11/2019
CD Features
- Peace of Mind: No hidden fees. No maintenance fees. No minimum balance required
- Flexibility: With the No Penalty CD, you will not be charged a penalty for early withdrawal. You can withdraw your full balance and interest any time after the first 6 days of funding your CD.
- Ally Ten Day Best Rate Guarantee: When you fund your CD within 10 days of your open date, you’ll get the best rate we offer for your term and balance tier if our rate goes up within that time. The Ally Ten Day Best Rate Guarantee also applies at renewal.
- Interest Compounded Daily. Ally grows your money faster with interest compounded daily. Many others compound monthly, quarterly, or even annually.
- Fund your account easily: With Ally eCheck Deposit? or an ACH transfer.
- 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.
Bottom Line
If you are interested in a short term or long term CD, Ally Bank’s online CD’s maximize your earnings. With no opening minimum deposit and no fees, you can definitely expect a nice return on your investment. Make sure you take advantage of their 2.35% APY 12-Month CD Rates promotion.
Give yourself a raise and sign up a CD account from Ally Bank today. If you’re looking to invest with a different bank or looking for other options, you can find more of the Best CD Rates in the country from the HMB list!
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.
