- No minimum deposit to open
- Competitive rates
- Grow your money faster with interest compounded daily
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Get the best rate we offer for your CD term with the
Ally Ten Day Best Rate Guarantee -
Your deposits are insured by the FDIC up to the maximum
allowed by law. Maximize your coverage - Protect your legacy. Open this account for a Trust. Learn more
Managing your account is easy
Get the service you need, when you need it. Talk to a real person
24/7, and enjoy the convenience of Online Banking
and Mobile Banking.
Step up your savings
Learn how to combine long-term earnings with more frequent
access to a portion of your money using our CD Ladder tool.
We offer rates that are consistently competitive. With our at-a-glance chart, you can quickly and
easily compare CDs and choose the right option for the way you bank.
See how we compare
Estimate your earnings
What we're showing you
Our Annual Percentage Yield (APY) is accurate as of n/a. The APYs for other banks are provided by mybanktracker.com and are accurate as of
n/a. The APYs in this table are for the state of California. Not your state?
If you make an early withdrawal, you will pay a penalty.
We don't charge any maintenance fees for your Ally Bank CD. When your CD matures, you can withdraw your money at no charge during a 10-day grace period. If you decide to renew your CD, don't do a thing, and we'll automatically renew it.
Early Withdrawals
Withdrawals before the maturity date are subject to penalties. Partial withdrawals aren’t allowed. Are there exceptions?
If you redeem your CD before the maturity date, the penalty we charge will depend on your CD term (see penalty schedule). How is the penalty calculated?
See the Ally Bank Deposit Agreement for full details on how we calculate the withdrawal penalty.
The penalty we charge will depend on your CD term.
We are a branch-free bank, which means we don't have physical bank locations. By eliminating the costs associated with traditional brick-and-mortar banks, we can offer great rates and outstanding customer care.
With Ally Bank, you get everything you expect from a traditional bank and more:
- Peace of mind. No hidden fees. No maintenance fees. No minimum balance required.
- Fund your account. It's easy with Ally eCheck Deposit℠ or an ACH transfer.
- Keep track. Access your account anytime, anywhere with Ally Online & Mobile Banking.
- Ally Ten Day Best Rate Guarantee. When you renew your CD, you automatically get the best rate we offer within 10 days beginning with the CD renewal date. Most banks offer only one rate -- the one you get the day you renew.
- Interest compounded daily. We grow your money faster with interest compounded daily. Many others compound monthly, quarterly, or even annually.
Learn more about the benefits and conveniences of Ally Bank.
12/03/2013 by Frugal
It is satisfying to be rewarded as an existing customer with the bump up in interest rate for renewing. This is in contrast to many ... read more
12/04/2013 by Grams
Have said it before & I will say it AGAIN - PLEASE, PLEASE, PLEASE consider eliminating the mailings you send out on CD's with full ... read more
11/30/2013 by Synth Tech Project
I am very satisfied with Ally Bank's High Yield CD program & would definitely recommend it to others.
11/29/2013 by oldie but goody
I am looking forward to the rates increasing as I am a senior citizen. The rates have decreased every time I renew and I am ... read more
12/03/2013 by Warm weather guy
I love online banking from ALLY! Much better than the brick and mortar bank I used to deal with. Online bankers are friendly and there ... read more
12/03/2013 by Pinky
Just rolled over my CD to a no penalty CD and added a few more bucks .I won't know the rate for a few more ... read more
12/03/2013 by gizmo-Illinois
I keep renewing because of ease of control and and the extra % for renewing. Can't beat the ease of opening or changing the term.
12/03/2013 by boots1
I find the staff courteous and they are very helpful and informative.
12/04/2013 by Ricbowl
The rates are nice, but the customer service is outstanding.
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Can I make additional deposits to a Certificate of Deposit (CD)?
No. Additional deposits cannot be made during the term (initial and renewals) of any of our certificate of deposit options. However, once the certificate of deposit matures, you have the opportunity to deposit additional funds and roll over the CD into a new term during the 10 day grace period, starting with the maturity date.
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Are there any fees to open or maintain a certificate of deposit?
There are no fees to open or obtain the APY on a certificate of deposit.
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What is the minimum deposit for an Ally Certificate of Deposit?
There is no minimum deposit to open our High Yield Certificate of Deposit, Raise Your Rate Certificate of Deposit or No Penalty Certificate of Deposit.
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What types of certificates of deposit do you offer?
We offer three types: a High Yield Certificate of Deposit with terms of 3, 6, 9, 12, 18, 36, and 60 months; 2 year and 4 year Raise Your Rate Certificate of Deposit that let you raise your rate during your term if our rates go up; and a No Penalty Certificate of Deposit with an 11 month term that has no early withdrawal penalty.
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How do I receive my money when my Certificate of Deposit (CD) matures?
We make it easy for you to receive your funds. Just let us know by phone, chat, or regular mail before your certificate of deposit matures. You also have a grace period of 10 days starting with the maturity date to make a withdrawal without being charged a penalty. If you don't let us know you want to receive your funds, we will automatically renew your certificate of deposit. Please do not send your maturity request via secure email – just call us and we'll be happy to help.
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Still have questions? Visit our Help Center.