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  Ally Bank Raise Your Rate CD

Ally Bank Raise Your Rate CD

in CD Accounts from Ally Financial Inc.

Claimed

Ally Bank Raise Your Rate CD

Claimed

in CD Accounts from Ally Financial Inc.

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Highlights
Highlights
Minimum Deposit $0
APY (Annual Percentage Yield) 2.5%
Deposit Term
  • 2 years
  • 4 years

Ally Bank Raise Your Rate CD Review

Ally Bank Raise Your Rate CD is offered by Ally Financial Inc., a bank founded in 2001 and based in Philadelphia, PA. Ally Bank Raise Your Rate CD is available 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?

  • Bump Up
  • IRA
  • Traditional

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:
Ally Bank Raise Your Rate CD Rates & Terms
Description
APY (Annual Percentage Yield) 2.5%
APY Type Fixed APY
3-Month APY N/A
6-Month APY N/A
11-Month APY N/A
12-Month APY N/A
2-Year APY 2.5%
3-Year APY N/A
4-Year APY 2.5%
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 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.

Ally Bank Raise Your Rate 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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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

Grace Period for Account Changes 10
2-Year APY 2.5%
4-Year APY 2.5%
APY (Annual Percentage Yield) 2.5%
CD Accounts
  • Bump Up
  • IRA
  • Traditional

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Minimum Deposit $25,000 Minimum Deposit
APY (Annual Percentage Yield) 1.9% APY (Annual Percentage Yield)
Deposit Term
  • 11 months