Ally Bank CD Rates: 5.15% APY for 18-Month CD Account

Ally Bank CD rates on the bank's shorter-term certificates of deposit are competitive against other online CD rates. The best CD rate at Ally Bank is on the 18-month certificate of deposit which has a current rate of 5.15% APY. The 18-month CD rate from Ally, puts the bank in the best 20 rates available on our 18-month CD rate list. Other Ally Bank CD Rates worth mentioning are on the 9-month CD and 12-month CD, both accounts have a current CD rate of 5.00% APY. You can view a complete list of Ally Bank Regular CD rates here.

Ally Bank CD Rates

18-Month CD

  • Interest Rate: 5.00%
  • Minimum Deposit: $0
  • 9-Month CD

  • Interest Rate: 5.00%
  • Minimum Deposit: $0
  • 12-Month CD

  • Interest Rate: 4.85%
  • Minimum Deposit: $0
  • 36-Month CD

  • Interest Rate: 4.25%
  • Minimum Deposit: $0
  • 60-Month CD

  • Interest Rate: 4.10%
  • Minimum Deposit: $0
  • 6-Month CD

  • Interest Rate: 3.50%
  • Minimum Deposit: $0
  • 3-Month CD

  • Interest Rate: 2.55%
  • Minimum Deposit: $0
  • Ally Bank, an online-only institution, boasts higher Certificate of Deposit (CD) rates than conventional brick-and-mortar banks. The bank offers CDs with a range of terms and unique features, including the possibility of rate increases after account creation on the bank's Raise Your Rate CD accounts. The current CD rates on the 24-month and 48-month Raise Your Rate CD accounts are at 4.00%.

    Key Features of Ally Bank CDs

  • No Minimum Deposit: Allows investing with as low as $0.01, opening the door to all income levels.
  • Flexible Interest Payments: Choose between monthly interest payouts or a lump-sum payment at maturity.
  • Penalty-Free Withdrawals: Special conditions allow for penalty-free early withdrawals.
  • Special CD Types: "Raise Your Rate" and "No Penalty" CDs offer additional flexibility.
  • The History of Ally Bank

    Ally Bank began as GMAC Bank, a division of General Motors Acceptance Corporation, in 1919. Rebranded in 2010, it has become a major online bank in the U.S., with over 2 million customers and assets worth $174 billion as of 2021.

    Benefits of Investing in Ally Bank CDs

  • FDIC Insured: Deposits are secured up to $250,000, providing peace of mind.
  • Flexible Terms and Rates: Various options to match different investment needs.
  • Online Management Tools: Includes features like automatic renewal and online account management.
  • Use the free rate tables at MonitorBankRates.com to see how Ally Bank CD rates stand with other bank CD rates.

     
    Author: Brian McKay
    October 7th, 2023