Ally Bank:
Online Certificate of Deposit - 3.40% APY
• No minimum deposit to open.
• No monthly maintenance fees.
• Interest compounded daily.
• Available to open in the name of a Trust.
• Automatic renewal at maturity. Early withdrawal penalty will apply.
• When the CD matures, the money can be withdrawn at no charge during a 10-day grace period.
• There is the opportunity to raise the rate once for the 2-Year term or twice for the 4-Year term, if Ally`s rate goes up for the term and opening balance amount.
Fee and Feature Guide
| Certificate of Deposit | |
|---|---|
| Interest Rate | |
| APY | 3.40% |
| Term Length | 48 Month |
| Minimum deposit amount | $0.00 |
| Maximum deposit amount | N/A |
| Balance Requirements | |
| Minimum Opening Deposit | $25,000.00 |
| Minimum Balance to Avoid Fees | $0.00 |
| Minimum Required Balance | $0.00 |
| Minimum To Earn | $0.00 |
| Fees | |
| Early withdrawal penalty | |
| Monthly Maintenance Fee | N/A |
| Foreign ATM Fees | N/A |
| Insufficient Funds Fee | N/A |
| Incoming Wires | N/A |
| Statements | |
| Paper Statements | Yes |
| Online Statements | Yes |
| Online and Telephone Banking | |
| Online Banking | Yes |
| Telephone Banking | Yes |
| Mobile Banking | Yes |
| Deposit Checks with Mobile Device | Yes |
| Free Bill Pay | Yes |
| Online Bill Payments Required | Yes |
| Account Opening | |
| Open Online | Yes |
| Insured by | F.D.I.C. |
Recent Rate Changes
| Date | APY |
|---|---|
| November 21, 2024 | 3.40% |
| September 26, 2024 | 3.50% |
| February 12, 2024 | 3.75% |
| November 27, 2023 | 4.00% |
Customer Reviews for Ally Bank (58)
Rad
August 13, 2023
Been a customer for a couple of years now with interesting checking, been a happy customer. They give you a $10 reimbursement on atm fees per statement cycle. They pay you to leave your money there currently 15k+ at 0.25%, though I wish they would increase it to at least 0.50%+ same as Sofi.
Is this review helpful? Yes:1 / No: 1
yesiam
August 16, 2022 |
ally is still the gold standard in online banking, but the rate needs to get more competitive and the wait to speak to someone on the phone is just ridiculous.
Is this review helpful? Yes:8 / No: 0
JC
November 5, 2021 |
I opened an interest checking account with Ally after reading all the glowing comments online. My first experience with Ally was anything but glowing. The customer rep tried to charge me $15 for a debit card. When I challenged him on the charge and told him debit cards were free he backtracked and told me the charge was for expedited shipping. After I told him several times to use free standard delivery, even if it was by Pony Express, I still received my debit card via expedited delivery and was charged $15. I eventually received a refund after calling customer service to complain. This never should have happened in the first place. I guess the moral of my story is never believe everything you read.
Is this review helpful? Yes:8 / No: 1
JBMoney
September 8, 2020 | | Replies 1
I have been a customer for years and have never had a bad experience. These days I really appreciate how they are keeping their savings rates competitive. .8% is lousy, but it is very competitive.
Is this review helpful? Yes:4 / No: 3
EduardoC | Dec 12, 2020
"keeping their savings rate competitive" - they aren't.
HRoss1957
July 19, 2020 |
The 11 month no penalty cd is an obvious choice here. You are guaranteed a rate over that time and have free access to your money. Plus, they gave me a 5% bonus for being a long time customer (call them) and that made the rate the same as the savings rate today. CON: Hold times to reach a representative on the phone are too long!
Is this review helpful? Yes:8 / No: 0
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