Ally Bank High Yield CD

in CD Accounts from Ally Financial Inc.

Claimed

Ally Bank High Yield CD

Claimed

in CD Accounts from Ally Financial Inc.

Highlights
Community Rating	Strongly recommended
Minimum Deposit	$0
APY	2.5%
Deposit Term	12 months

Ally Bank High Yield CD Review

Ally Bank High Yield CD is offered by Ally Financial Inc., a bank founded in 2001 and based in Philadelphia, PA. Ally Bank High Yield CD is offered in 50 states (and Washington, DC).

Are cd accounts from Ally Financial Inc. federally insured?

Yes, your Ally Financial Inc. cd accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #57803). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What types of CDs does Ally Financial Inc. offer?

IRA
Traditional

What APY does Ally Financial Inc. offer on its CDs?

Ally Bank High Yield CD offers an APY of 2.5% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY.

What types of terms does Ally Bank High Yield CD offer?

Ally Financial Inc. offers CD terms of the following lengths:

Ally Bank High Yield CD Rates & Terms
Description
APY	2.5%
APY Type	Fixed APY
3-Month APY	N/A
6-Month APY	N/A
11-Month APY	N/A
12-Month APY	2.50%
2-Year APY	N/A
3-Year APY	N/A
4-Year APY	N/A
5-Year APY	N/A
7-Year APY	N/A

What is the minimum deposit to open a CD account with Ally Financial Inc.?

Ally Bank High Yield CD does not require a minimum initial deposit.

What types of early withdrawal penalties does Ally Bank High Yield CD charge?

Financial institutions don't typically charge many fees on certificate of deposit accounts. However, some do charge a fee if you chooose to withdrawal your money before the CD term ends.

Ally Financial Inc. does not charge an early withdrawal fee.

Ally Bank High Yield CD Fees
Description
Annual Fee	N/A
Transfer Fee	N/A
Rollover Fee	N/A
Early Withdrawal Fee Amount	N/A

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