Ally Cd Rates

The Best Ally Bank Rates. Compare the Best Ally Bank Rates. FDIC insured Banks. Highest APY Interest Rate. Highest Yield CD Rates. Review the Top High Yield Certificate of Deposit rates Android Text Messages from PC. SMS from your computer. Best Audio Podcast Clips (PodClips) Best CD rates - RateBrain Blog Top 10 Videos Credit Union CD Rates. Ally Bank 5 Year CD Rates. Type Fixed: Rate 2.65%: Currency: USD: High yield CD accounts considered for maximum savings with a fixed rate. No minimum deposit to open with interest compounded daily. The rate of 2.65% is 1.26% higher than the average 1.39%. Also it is 0.1% lower than the highest rate.

• A No Penalty certificate of deposit and a Raise Your Rate certificate of deposit. The No Penalty certificate of deposit is available in an 11 month CD term with a current CD rate of 1.34 percent with an annual percentage yield of 1.35 percent. Ally Bank's 11 month CD rate is higher than most 12 month CD rates from banks and credit unions.
• Ally Raise Your Rate CDs. This account offers a competitive 0.7% APY that can increase over time depending on your balance and Ally's rates. Ally No Penalty CD. If you want access to your money with a higher interest rate than a standard savings account, this option may be right for you.

Ally Bank offers three flavors of CDs: traditional CDs, no-penalty CDs, and raise your rate CDs. Each type of CD comes with a variety of terms. None have a minimum balance requirement or monthly fee.

Ally Bank earned 4.4 out of 5 stars in Bankrate's review across its deposit products.

Ally Bank CD rates

Here's a closer look at Ally Bank's CD rates.

High Yield CD

Ally's High Yield CD is a basic CD with no frills.

Ally Cd Rates

Raise Your Rate CD

Ally's Raise Your Rate CD lets you increase your interest rate, once for the 24-month CD and twice for the 48-month CD, if market rates rise during your CD's term.

No Penalty CD

Ally's No Penalty CD doesn't charge an early withdrawal penalty if you make a withdrawal six or more days after opening the CD.

Ally Bank offers three flavors of CDs: traditional CDs, no-penalty CDs, and raise your rate CDs. Each type of CD comes with a variety of terms. None have a minimum balance requirement or monthly fee.

Ally Bank earned 4.4 out of 5 stars in Bankrate's review across its deposit products.

Ally Bank CD rates

Here's a closer look at Ally Bank's CD rates.

High Yield CD

Ally's High Yield CD is a basic CD with no frills.

Ally Cd Rates

Raise Your Rate CD

Ally's Raise Your Rate CD lets you increase your interest rate, once for the 24-month CD and twice for the 48-month CD, if market rates rise during your CD's term.

No Penalty CD

Ally's No Penalty CD doesn't charge an early withdrawal penalty if you make a withdrawal six or more days after opening the CD.

Best Cd Rates

Currently, Ally offers a .05 percent loyalty reward if you renew a CD at the bank.

Note: The APYs (annual percentage yield) shown are as of Dec. 16, 2020. The APYs for some products may vary by region.

How Ally Bank rates compare with top-yielding banks

Ally Cd Rates Today 2020

Ally's CD rates are competitive. One drawback is that Ally has slightly fewer options for long-term CDs than some other banks, but you can still easily establish a CD ladder.

There are some other banks, like Marcus by Goldman Sachs or Limelight Bank that offer higher rates on some CD terms. Remember that some banks may have minimum deposit requirements, which Ally does not.

Other savings options at Ally

Ally Cd Rates No Penalty

Ally offers a great online savings account if you need more flexibility with your savings. In fact, the savings account pays the same (or better) interest rate than some of Ally's CD terms.

Ally also offers a money market account, but it pays half the rate that the bank's savings account does.