Ally Bank CD Rates. Their commitment to their customers has been at the core of who they are for 100 years. They are one of the largest full-service automotive finance operations in the country and offer a wide range of financial services and insurance products to automotive dealerships and consumers. 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.

1. Ally Cd Rates 2 Year
2. High Yield Cd Rates

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.

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'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 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.

Ally Cd Rates 2 Year

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 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'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 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.