Ally Bank Raise your Rate CD at 1.99 percent APY

June 29th, 2011 Joel Beattie Leave a comment Go to comments

If you are looking for a certificate of deposit (CD), you may be frustrated by the idea of locking your money away and not being able to take advantage of future inerest rate increases.

Ally Bank offers their Raise your Rate CD to offset that concern. The Raise your Rate CD has no minimum deposit requirement and no monthly fees. Interest is compounded daily. Your rate can be increased once for a two-year CD and twice for a four-year CD.

Ally Bank Raise your Rate CD terms as of 7/1/11:

Two year CD: 1.44 percent APY

Four year CD: 1.99 percent APY

Compare CD rates and terms to find an account that offers the highest interest rate and meets your financial needs.

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