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  Ally Bank No Penalty CD

Ally Bank No Penalty CD

in CD Accounts from Ally Financial Inc.

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Ally Bank No Penalty CD

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in CD Accounts from Ally Financial Inc.

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Highlights
Highlights
Minimum Deposit $0
APY 1.8% - 2.3%

Ally Bank No Penalty CD Review

Ally Financial Inc. is based in Philadelphia, PA. It was founded in 2001 and offers banking services in 50 states (and Washington, DC).

Is Ally Bank No Penalty CD insured by the FDIC?

Certificate deposits invested with Ally Financial Inc. are insured by the Federal Deposit Insurance Corporation (FDIC). The FDIC insures up to $250k in CDs per accountholder.

What types of CDs does Ally Financial Inc. offer?

  • Liquid
  • Traditional

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

Ally Bank No Penalty CD offers an APY starting at 1.8% and ranging up to 2.30% (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 No Penalty CD offer?

Ally Financial Inc. offers CD terms of the following lengths:
Ally Bank No Penalty CD Rates & Terms
Description
APY 1.8% - 2.3%
APY Type Fixed APY
3-Month APY N/A
6-Month APY N/A
11-Month APY 1.8% - 2.3%
12-Month APY N/A
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 are the account minimums for Ally Bank No Penalty CD?

Ally Bank No Penalty CD does not require a minimum initial deposit.

What fees does Ally Bank No Penalty 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 No Penalty CD Fees
Description
No Early Withdrawal Fee? Yes
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Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Early Withdrawal Fee  
Grace Period for Account Changes 10
APY 1.8% - 2.3%
11-Month APY 1.8% - 2.3%
CD Accounts
  • Liquid
  • Traditional

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