One year Certificate of Deposit available for 1.29 percent APY at Ally Bank

Consumers searching for the best vehicle for their savings need to find an account that not only earns the highest interest rate but also one with low or no fees and a minimum balance requirement that fits their finances. A certificate of deposit (CD) generally will not charge fees, although most require a minimum opening deposit.

Ally Bank offers CDs without any minimum deposit requirement, allowing more consumes access to their accounts. Ally offers a “Ten Day Best Rate Guarantee”, which means that the bank will raise your CD rate if interest rates rise during the initial ten days after opening the account.

Ally Bank’s High Yield Certificate of Deposit rates as of 2/21/2011:

Term / APY

3 month CD / 0.64 percent

6 month CD / 1.04 percent

9 month CD / 1.00 percent

12 month CD / 1.29 percent

18 month CD / 1.35 percent

3 year CD / 1.84 percent

4 year CD / 2.05 percent

5 year CD / 2.39 percent

Compare CD rates and terms online to find the CD that meets your financial needs.

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