1. Ally Cd Rates As Of Today
2. Ally Bank Money Market Rates
3. Ally Cd Rates
4. Ally Cd Rates Certificates Of Deposit

CD terms start at three months and extend to 10 years, though there tend to be better rates on terms from one to five years. The minimum to open is $2,500, which is somewhat high. Fees: The penalty. Ally Bank also offers non-standard CDs which include an 11-month No Penalty CD and the 24-month and 48-month Raise Your Rate CDs. The 11-month No Penalty CD allows customers to obtain rates higher than savings accounts with much more liquidity than standard CDs.

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Compare: No-penalty CD rates by term 1. Ally Bank: 0.50% APY, $0 minimum deposit. Ally is an online bank that was formed out of the GMAC Bank. Ally offers an 11-month no-penalty CD with no minimum.

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.

Account name	Term	APY	Minimum deposit
High Yield CD	3 months	0.20%	$0
High Yield CD	6 months	0.25%	$0
High Yield CD	9 months	0.30%	$0
High-yield CD	12 months	0.60%	$0
High-yield CD	18 months	0.60%	$0
High-yield CD	36 months	0.65%	$0
High-yield CD	60 months	0.85%	$0

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.

Account name	Term	APY	Minimum deposit
Raise Your Rate CD	24 months	0.60%	$0
Raise Your Rate CD	48 months	0.60%	$0

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.

Account name	Term	APY	Minimum deposit
No Penalty CD	11 months	0.50%	$0

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 As Of Today

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.

Ally Bank Money Market Rates

Other savings options at Ally

Ally Cd Rates

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 Cd Rates Certificates Of Deposit

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