Ally Bank Raise Your Rate 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 Raise Your Rate 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?
- Bump Up
What APY does Ally Financial Inc. offer on its CDs?
Ally Bank Raise Your Rate 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 Raise Your Rate CD offer?Ally Financial Inc. offers CD terms of the following lengths:
|APY Type||Fixed APY|
What is the minimum deposit to open a CD account with Ally Financial Inc.?
Ally Bank Raise Your Rate CD does not require a minimum initial deposit.
What types of early withdrawal penalties does Ally Bank Raise Your Rate 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.
|Early Withdrawal Fee Amount||N/A|
Other Services by Ally Financial Inc.
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia