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HYCD

High Yield Certificate of Deposit (CD)

Saving your money is great. Growing it is even better.

Available Terms

Annual Percentage Yield

No minimum deposit to open

Maximize your earnings. Period.

It's time to step up your savings game. 

Earn more with competitive rates.

There’s no minimum deposit required to open your account, and you’ll always get the best rate we offer for your CD term with the Ally Ten Day Best Rate Guarantee . Your money grows with interest compounded daily .

We reward you when you renew.

We’re currently giving a 0.05% Loyalty Reward when you renew your CD to any CD with us. Check back 30 days before your CD matures to see what the reward is at that time.

Manage your CD online.

We make it easy to manage your CD online. When it’s time to renew, don’t do a thing and we’ll renew it automatically. Plus, we don’t charge any monthly maintenance fees. 

Features offered with every Ally Bank CD. 

Digital banking tools.

It’s easy to bank anytime, anywhere with the Ally Mobile app.

Your money, FDIC-insured.

Deposits are insured by the  FDIC  up to the maximum allowed by law.

Learn More

No monthly maintenance fees.

Don’t expect any sneaky monthly maintenance fees with us.

Open in the name of a trust. 

Offer flexibility and security for the ones you care about most. 

Learn More

Boost your CD strategy with a ladder.

Mix CDs of varying term lengths and rates for long-term returns and more frequent access to your money.

Take A Closer Look

Get more for your money.

Compare the cost of banking somewhere else.

What you should know.

Our Annual Percentage Yields (APYs) are accurate as of . Advertised APYs are subject to change. The APYs for other banks are provided by mybanktracker.com and are accurate as of . The APYs in this table are for the state of California.

There’s no minimum balance required to open an account. The APY we pay is based on your opening deposit amount.

The APY is fixed for the term of the CD but subject to change upon renewal.

No hidden fees, no surprises.

You shouldn't be nickel and dimed for using your own money.

We don’t charge any maintenance fees for your Ally Bank CD.

When your CD matures, you can withdraw your money at no charge during a 10-day grace period. 

Early withdrawals

Withdrawals before the maturity date are subject to penalties. Partial withdrawals aren’t allowed.  Are there exceptions?

Early withdrawal penalties will depend on your CD term.

  • 24 months or less

    60 days of interest

  • 25 months – 36 months

    90 days of interest

  • 37 months – 48 months

    120 days of interest

  • 48 months or longer

    150 days of interest

Get to know every aspect of this account before you sign up.

Check out our Straight Talk Product Guide (PDF)

Bank better, starting now.

Get your account up and running in minutes.

step one

Tell us about yourself.

We’ll need some personal info, like your address and Social Security number.

step two

Add money to your account.

The faster you fund, the sooner you’ll earn interest. No minimum deposit required.

step three

Enjoy our award-winning experience.

Start exploring (and enjoying) everything we have to offer.

The reviews are in.

People like it here. We think you will, too.

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FAQs

We have answers.

Still have questions? Visit our Help Center.