Ally Bank CD Rates

Ally Bank, formerly know as GMAC Bank, has some of the highest CD rates available. The best CD rate is for Ally Bank's 12 month certificate of deposit, the current CD rate is 1.82 percent with an annual percentage yield (APY) of 1.84 percent. The bank refers to the 12 month certificate of deposit as having "a high fixed CD rate".

The bank also offers are no penalty 12 month certificate of deposit that currently has an APY of 1.24 percent. The no penalty CD gives you the option of withdrawing all your principal and any interest earned without a penalty after the first six days you have funded your certificate of deposit.

Current CD Rates and CD Yields

• 3 months  1.00% 1.00%


• 6 months  1.39% 1.40%


• 9 months  1.19% 1.20%


• 12 months  1.82% 1.84% 


• 18 months  1.82% 1.84%


• 2 years  2.17% 2.19%


• 3 years  2.46% 2.49%


• 4 years  2.70% 2.74%


• 5 years  3.05% 3.10%

Ally Bank let's you open a certificate of deposit account with $0 deposit. The bank also compounds interest daily for certificate of deposit accounts which means a higher return (APY) than CD accounts compounded monthly or quarterly.

Find Current CD Rates in your zip code by using our CD rate tables.