The best certificates of deposit (CDs) are often found from digital financial institutions that specialize in just a few things—like CDs, high-yield savings accounts (HYSAs), and money market accounts.
Ally is one of those rare full-service banks which is also entirely online. It has no physical branches, but it offers everything from checking and savings accounts to auto loans and mortgages. Yet it still manages to offer CD rates that flirt with the most generous on the market.
Here’s everything you need to know about Ally Bank CD rates.
Rates are current as of Jan. 2, 2026, and are subject to change.
Ally Bank CD rates and products
Ally Bank provides a wide range of CDs, from standard CDs to bump-up CDs to no-penalty CDs. It even offers individual retirement account (IRA) variants. All of these CDs offer automatic renewal at maturity. And because none require a minimum opening deposit, they’re accessible to everyone.
Standard CDs
Ally’s standard CDs come in seven different term lengths. That’s admittedly fewer options than you’ll find at many competitors, but the high APY atones for this shortcoming.
Ally Bank standard CD rates
Bank details checked Dec. 12, 2025
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Raise Your Rate CDs
If Ally’s CD rates go up in the middle of your term, its Raise Your Rate CDs allow you to change your CD rate without penalty. There are two term lengths: two years and four years. With the two-year CD, you have the option to bump up your rate once. The four-year CD lets you bump your rate twice. This can be a good option if you think rates will rise but you don’t want to risk waiting to find out.
To prevent you from having to check rates on a frequent basis, Ally will send you an alert automatically whenever you’re eligible for a rate increase.
Ally Bank bump-up CD rates
Bank details checked Jan. 2, 2026.
No-penalty CDs
A no-penalty CD allows you to withdraw funds without paying an early withdrawal fee. Ally only has an 11-month term for this type of CD. You can withdraw your principal and any interest earned after the first six days of having the account funded. Overall, this CD might work best if you anticipate having an upcoming expense but want to earn a high fixed APY in the meantime.
Ally Bank no-penalty CD rates
Bank details checked Jan. 2, 2026.
IRA CDs
Ally Bank issues multiple IRA CD options. You can open a standard or a Raise Your Rate IRA CD. Both are available as a Roth, simplified employee pension (SEP), or traditional IRA.
Ally’s IRA CDs are similar to its non-retirement CDs. You can open them with new money, or you can transfer money from your current IRA—offering a more predictable, fixed return rather than the volatility of the stock market. And while there are no minimum deposit requirements, there are maximum deposit limits based on federal law. You can only contribute $7,000 to an IRA if you’re 50 or under—that limit goes up to $8,000 if you’re over 50.
As with its other CD options, Ally charges an early withdrawal fee for removing your principal before the term is over. But you could pay additional fees to the IRS if you withdraw your money before age 59½.
Ally Bank IRA CD rates
Bank details checked Jan. 2, 2026.
Compare Ally Bank to top competitors
Ally Bank CD rates are solid when compared to traditional big banks. But you can do even better with a bit of snooping. Here’s a look at Ally Bank beside its competitors.
 Ally Bank |  Northern Bank Direct |  Ivy Bank |
|---|---|---|
| 3 months | 3 months | 3 months |
| 3.00% | 4.15% | 4.00% |
| 6 months | 6 months | 6 months |
| 3.50% | 4.15% | 3.75% |
| 9 months | 9 months | 9 months |
| 3.60% | 3.50% | N/A |
| 12 months | 12 months | 12 months |
| 3.75% | 3.25% | 3.50% |
| 18 months | 18 months | 18 months |
| 3.60% | 3.25% | N/A |
| View offer at MoneyLion | View offer at Northern Bank Direct | View offer at MoneyLion |
Bank details checked Jan. 2, 2026.
Learn more about Ally Bank
With more than 11 million customers, Ally Bank is one of the largest online financial institutions in the U.S. It’s got over $182 billion in consolidated assets.
In addition to its CDs, Ally Bank also offers checking accounts, savings accounts, and money market accounts (MMAs). All offer solid APY and no monthly fees.
Its checking account, called a Spending Account, comes with early direct deposit, no overdraft fees, and a free debit card. Its Savings Account includes buckets to help you save up for specific goals while the Money Market account comes with unlimited in-network ATM withdrawals.
Ally also offers several credit cards, investing and retirement services, mortgages and refinancing, and auto financing.
Frequently asked questions
Does Ally Bank require a minimum deposit to open a CD?
Ally Bank doesn’t require a minimum deposit to open a CD.
What are the early withdrawal penalties on Ally Bank CDs?
The early withdrawal penalty you pay on Ally Bank CDs depends on your term length. You’ll pay as little as 30 days and as much as 150 days worth of interest.
Do I need an Ally Bank checking or savings account to open a CD?
You don’t need any prior relationship with Ally Bank to open a CD.
Are Ally Bank CDs FDIC insured?
Ally Bank CDs are FDIC insured up to the maximum $250,000 per account holder.
Can I add money to my Ally CD after it’s opened?
You can only add money to your Ally CD upon account opening and during a 10-day window after it matures.
