Ally Cd Rates

Rates

I included the Federal Funds Rate (source: St Louis Fed, Federal Funds Rate) as a comparison as this is the rate that banks lend to each other. You can see the spike in Ally Bank rates generally following increases and decreases with changes to the Federal Funds Rate. So if you’re on the fence about figuring out when is a good time to lock in a rate with Ally Bank on a CD, just look at how the Federal Funds rate has been trending.

Ally’s Raise Your Rate CD lets you increase your interest rate, once for the 24-month CD and twice for the 48-month CD, if market rates rise during your CD’s term. Account name Term. Ally Bank 5 Year CD Rates High yield CD accounts considered for maximum savings with a fixed rate. No minimum deposit to open with interest compounded daily. The rate of 2.65% is 1.26% higher than the average 1.39%.

Ally

In addition, I included the national average for the 12 month CD rates (source: St Louis Fed Avg 12 Month CD). This average seems to be less responsive to the Federal Funds rate, but still shows some similar movement.

Table of Ally 12 Month CD Rates 2010-2020

Ally Bank offers you a CD rate up to a 13 month 1.65% APY rate. All you need to do is to pick your CD term and with no minimum deposit, anyone can qualify for this fantastic bonus. This is a great opportunity to invest in a high-interest CD with a low balance from Ally Bank. However, you may want to compare them with our best CD Rates. The Ally Bank High Yield CD currently offers a fixed 0.85% APY on its five-year CD. With the national average rate for a five-year CD at 0.34% APY according to the FDIC, this is nearly three times.

Rates

Note for anyone else, I had some trouble with the Web Archive providing inconsistent results on the pages I was using to get the interest rates from. This is why for some of the more recent recordings, I used blog posts to get the rates. I think there is some kind of issue with how the data is saved since it looks like the data is loaded by javascript I think my browser is caching the javascript file with information from a previous snapshot.

Ally Cd Rates 12 Month

Recorded 11/27/2020

Ally Cd Rates Today 2020

Savings

Ally Cd Rates Calculator

  • 9 Month: 0.5%
  • 12 Month: 0.65%
  • 18 Month:
    • Less than $5k Deposit : 0.7%
    • $5k – $25k Deposit : 0.7%
    • Greater than $25k Deposit: 0.7%
  • 3 Year:
    • Less than $5k Deposit : 0.75%
    • $5k – $25k Deposit : 0.75%
    • Greater than $25k Deposit: 0.75%
  • 5 Year: 1.0%