• Ally Bank Online Savings Account
• Ally Cd Rates 12 Month
• High Yield Cd Rates
• Ally Cd Rates Available
• Ally Cd Rates 2020
• Best Cd Rates

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. Ally's banking products tend to have some of the most competitive APYs in the market, and it's CD product is no different. Besides including high interest rates, Ally High Yield CDs offer the same. Ally Bank CD Rates. Ally Bank’s CD features three products: the High Yield CD, the Raise Your Rate CD and the No Penalty CD. The APYs currently available range from 0.20% to 0.85%, depending on your opening deposit and term length.All accounts have no minimum balance requirement, though rates. 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. Account name Term.

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.

I included the Federal Funds Rate (source: St Louis Fed, Federal Funds Rate) as a comparison as this is the rate that banks lend to each other. You can see the spike in Ally Bank rates generally following increases and decreases with changes to the Federal Funds Rate. So if you’re on the fence about figuring out when is a good time to lock in a rate with Ally Bank on a CD, just look at how the Federal Funds rate has been trending.

In addition, I included the national average for the 12 month CD rates (source: St Louis Fed Avg 12 Month CD). This average seems to be less responsive to the Federal Funds rate, but still shows some similar movement.

Table of Ally 12 Month CD Rates 2010-2020

Note for anyone else, I had some trouble with the Web Archive providing inconsistent results on the pages I was using to get the interest rates from. This is why for some of the more recent recordings, I used blog posts to get the rates. I think there is some kind of issue with how the data is saved since it looks like the data is loaded by javascript I think my browser is caching the javascript file with information from a previous snapshot.

Recorded 11/27/2020

• 9 Month: 0.5%
• 12 Month: 0.65%
• 18 Month:
  • Less than $5k Deposit : 0.7%
  • $5k – $25k Deposit : 0.7%
  • Greater than $25k Deposit: 0.7%
• 3 Year:
  • Less than $5k Deposit : 0.75%
  • $5k – $25k Deposit : 0.75%
  • Greater than $25k Deposit: 0.75%
• 5 Year: 1.0%

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

Ally Bank Online Savings Account

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.

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.

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 12 Month

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.

High Yield Cd Rates

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.

Ally Cd Rates Available

Other savings options at Ally

Ally Cd Rates 2020

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.

Best Cd Rates

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