Ally Bank  has consistently offered some of the best CD rates available for awhile now and the bank's current CD rates are no exception. Ally Bank offers certificate of deposit terms ranging as short as 3 months and as long as 60 months. In addition to Ally Bank's High Yield CDs the bank also offers a Raise Your Rate CD and a No Penalty CD.

The No Penalty CD is available in an 11 month CD term. The current 11 month No Penalty CD Rate is 1.34 percent with an annual percentage yield of 1.35 percent. The 11 month CD rate is pretty good considering you can withdraw your money with interest at anytime after the first 6 days. That 11 month CD rate also beats most 12 month CD rates currently available.

Ally Bank's Raise Your Rate CD is available in a term of 2 years. The current Raise Your Rate CD rate is 1.90 percent with an APY of 1.92 percent. You can the option of raising your CD rate once during the certificate of deposit term. The current 2 year CD rate is also one of the best 2 year CD rates available right now.

Ally Bank CD Rates

• 3 Month Bank CD Rates 0.69% APY 0.69%

• 6 Month Bank CD Rate 1.13% APY 1.14%

• 9 Month CD Rate 1.00% APY 1.00%

• 12 Month CD Rates 1.47% APY 1.48%

• 18 Month CD Interest Rates 1.59% APY 1.60%

• 3 Year CD Interest Rate 2.22% APY 2.24%

• 4 Year CD Rates at Bank 2.43% APY 2.46%

• 5 Year CD Rates at Bank 2.90% APY 2.94%

Certificate of deposit rates can change constantly for a current list of Ally Bank's CD interest rates go to Ally.com