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Ally Bank No Penalty CD

in CD Accounts from Ally Financial Inc.

Claimed

Ally Bank No Penalty CD

Claimed

in CD Accounts from Ally Financial Inc.

Not enough votes for recommendation

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 2.3% (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 is the minimum deposit to open a CD account with Ally Financial Inc.?

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

What types of early withdrawal penalties 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
Annual Fee	N/A
No Early Withdrawal Fee?	Yes
Transfer Fee	N/A
Rollover Fee	N/A
Early Withdrawal Fee Amount	N/A

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