Ally Bank has always had competitive interest rates on High Yield CD. Ally offers many online deposit accounts, including certificate of deposits, savings and money market accounts. CD often offer higher interest rates than savings accounts and money market accounts as the money is locked for a predetermined period of time. Checkout the features of Ally Bank – High Yield CDs.
There is no minimum deposit to open the Ally High Yield Certificate of Deposit.
- Open with $0
- There are no fees to open or maintain a certificate of deposit.
- FDIC insured
- Ten Day Best Rate Guarantee
- Daily compound interest – interest on the interest
Ally Ten Day Best Rate Guarantee
Ally CDs comes with ‘Ally Ten Day Best Rate Guarantee’ ( you automatically get the best Interest rate within 10 days of opening, or renewing your CD with Ally)
High Yield CD Term:
High Yield Certificate of Deposit – Fixed rate terms of 3, 6, 9, 12, 18, 36, 48, and 60 months
Interest compounded daily. Interest rate change constantly, Please visit the Ally Bank High Yield CD Interest Rate and APY page for the current rate.
Like other CDs, you will be charged an early withdrawal penalty equal to 60 days’ interest if you withdraw your money before the CD matures. If you think you might do an early withdrawal, consider opening Ally Bank No Penalty CD.
How to open a certificate of deposit:
You can do so online at ally.com or by calling 877-247-Ally (2559)
Ally also provides access to competitive mortgage rates for Conventional, FHA and VA loans through http://www.gmacmortgage.com