Ally Bank is one of the most well-known online banks, and it has an impressive selection of CDs. What’s especially attractive is that its most competitive CD rate offers usually don’t require ...

Business Insider's personal finance team compared Ally Bank CD rates to the best CD rates and found them to be above average. Ally Bank (Member FDIC) is known for operating entirely online.

Read our full Ally Bank CD Rates review. Interest compounds daily. You can withdraw your full balance without penalty after the first six days of funding your account. When your CD matures ...

while Ally Bank CD rates are 2.90% to 4.05% APY on its regular CDs. The offers are similar, the exception being if you don't have at least $2,500 to open an account from Sallie Mae. Then you'll ...

Best no-penalty CD rates Best from an online-only bank: Marcus by Goldman Sachs® - 4.20% APY Best from a big bank: Bank of America - 3.75% APY Best for no minimum deposit requirement: Ally Bank ...

Ally Bank operates entirely online. This allows it to lower overhead costs and offer high CD rates. Its rates range from 3% to 4.40% APY, which is slightly lower than Edward Jones’ rates but ...

In 2025, NerdWallet selected Ally as the best overall bank and the best institution for CDs. Best for: Those who want strong rates, minimal fees, easy access to customer support and don’t need ...

There’s no minimum deposit requirement to open a CD. Ally Bank also offers its Raise Your Rate CD with two- and four-year terms. You can increase your rate once during the two-year term or twice ...

Compared to Synchrony, Ally Bank offers fewer CD terms. Rates are on par with those from Synchrony Bank or a bit lower, other than Ally’s 3-month and 6-month CD, which currently feature higher ...