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Customers looking for a way to maximize their savings should look at the Ally Bank CD rates. These are among the best CD rates around, and they come with extra perks like a best rate guarantee, rewards for renewing, and more. Learn more about Ally Bank CD rates, how they compare to other banks, and whether or not Ally Bank CDs are right for you.
Ally Bank CD rates tend to be competitive with online banks offering the highest rates, but it's worth comparing CD rates to find the right CD for your needs. Here's a quick side-by-side comparison of other high-yielding CDs to consider.
If you're looking for a place to earn interest on your savings, an Ally CD may be right for you.
Ally Bank's High-Yield CDs have multiple term lengths. These range from three months to five years. With Ally's primary CD offering, there's no minimum deposit requirements and no monthly maintenance fees. Ally Bank ensures customers get the best rates possible through its 10-Day Best Rate Guarantee. Additionally, customers who plan to renew their CD upon maturity will earn an extra bonus. But be careful: There are early withdrawal penalties of up to 150 days interest if you decide to pull out your money before the account reaches maturity.
|6 Mo. APY||1.25%|
|1 Yr. APY||2.30%|
|1.5 Yr. APY||2.50%|
|2 Yr. APY||--|
|3 Yr. APY||2.70%|
|4 Yr. APY||--|
|5 Yr. APY||2.90%|
Ally Bank also offers the following CD accounts:
An Ally Bank CD is perfect for customers who want competitive CD rates without having to worry about making a substantial initial deposit requirement. They're also great for people who prefer online banking.
Ally Bank CDs are a great way to build up your savings at a higher rate than traditional savings accounts, especially if you don't need access to your funds right away.
Yes, Ally Bank CDs are worth the investment. There's little downside to opening a CD account through Ally as long as you can deposit money and leave it alone. Customers can use a CD ladder strategy to build in more flexibility with their money.
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