Does Ally Bank offer a CD?

Ally Bank offers seven CD terms, ranging from three months to 60 months. The bank’s CDs tend to be competitive among online banks. There is no minimum deposit requirement to open a CD. Here’s an overview of the Ally Bank Certificates of Deposit rates. Rates are accurate as of May 3, 2024.

Does ally offer a good CD rate?

Ally offers some of the best CD rates you’ll find. That’s especially impressive, considering there is no minimum deposit requirement. Like most online banks, Ally’s CD rates are much higher than the national average, according to the FDIC. Always compare CD rates at several banks and credit unions to get the best rate possible.

What types of CDS does ally offer?

Unlike some online banks, Ally has several types of CDs: Standard CDs (or what it calls "High Yield CD"): These high-yield CDs have fixed rates and early withdrawal penalties.