Ally Bank No Penalty CD

Ally Bank No Penalty CD

in CD Accounts from Ally Financial Inc. · Member fdic


Ally Bank No Penalty CD


in CD Accounts from Ally Financial Inc. · Member FDIC

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Minimum Initial Deposit $25,000
Deposit Term 11 months
APY (Annual Percentage Yield) 1.20%

Ally Bank No Penalty CD Review

Ally Bank No Penalty CD is offered by Ally Financial Inc., a bank founded in 2001 and based in Philadelphia, PA. Ally Bank No Penalty CD is available in 50 states (and Washington, DC).

Ally Bank No Penalty CD FAQ

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?

  • Liquid
  • Traditional

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

Ally Bank No Penalty CD offers an APY of 1.20% (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
APY (Annual Percentage Yield) 1.20%
APY Type Fixed APY
3-Month APY N/A
6-Month APY N/A
11-Month APY 1.20%
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 requires a minimum initial deposit of $25,000 to open an account.

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
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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  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

Minimum Initial Deposit $25,000
Grace Period for Account Changes 10 days
No Early Withdrawal Fee  
11-Month APY 1.20%
APY (Annual Percentage Yield) 1.20%
CD Accounts
  • Liquid
  • Traditional

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Ally Financial Inc. CD Accounts