Open a high yield certificate of deposit (CD) with Ally Bank and earn a 1.49% annual percentage yield (APY) for 12 months. The CD rate is fixed and other rates and terms are available. Ally Bank CD rates as of June 23, 2010, are:
- 0.74% APY for 3 months
- 1.14% APY for 6 months
- 1% for 9 months
- 1.64% APY for 18 months
- 2.29% APY for 3 years
- 2.5% APY for 4 years
- 2.95% for 5 years
Interest is compounded daily and paid monthly on Ally Bank (CDs). The bank offers a 10-day best rate guarantee if you fund your CD within 10 days of opening or renewing it. The guarantee allows you to receive the best rate offered during that period.
Other details of the CD offer include:
- No minimum opening deposit
- No monthly fees
- Automatic renewal upon maturity
- FDIC insured up to $250,000 per depositor
- Earned interest can be received as income
When you withdraw money early from a CD, you pay a penalty fee equal to 60 days’ interest. The penalty fee is waived if the account holder dies or is judged to be mentally incompetent. No penalty CDs are not subject to early withdrawal fees.
You cannot make additional deposits to a CD during the term. When it reaches maturity you have a 10-day grace period to deposit additional funds.
- 6 Month CD %
- 1-year CD %
- 2-year CD %
- Money Market Account %
- Savings Account %
- 30-year Fixed Mortgage 3.62 %
Bank rates provided by MoneyRates.com based on average rates for deposits under $10K and conforming mortgage rates
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