Ally Bank is currently offering residents nationwide a chance to get their hands on a 11 months term – No Penalty CD Account and get up to 1.50% APY for accomplishing $25,000 in minimum opening deposit value. This is quite the hefty opening deposit requirement. Don’t fret if you aren’t able to meet the deposit requirement because you can also get 1.25% APY with a minimum of $5,000 in minimum opening, or 1.00% APY on opening deposits less than $5,000.
Enjoy competitive rates and grow your money faster with interest compounded daily. On top of that, your deposits will be FDIC insured to the maximum allowed by law to offer you the utmost reassurance with your banking needs!
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Ally Bank No Penalty Certificate of Deposit Summary:
- Apply Now
- Maximum Rate:
- 1% for opening deposits less than $5,00
- 1.25% for opening deposits $5,000-$25,000
- 1.5% for opening deposits $25,000+
- Account Type: No-Penalty CD Account
- Availability: Nationwide
- Expiration Date: Limited Time Offer
- Soft/Hard Pull: Soft Pull
- Credit Card Funding: Unknown
- Direct Deposit Requirement: No
- Additional Requirements: $25,000 minimum opening deposit
- Monthly Fee: None
- Early Withdrawal Fee: You will not be charged for early withdrawal. You can withdraw your full balance and interest any time after the first 6 days following the date you funded the account.
Ally Bank No Penalty Certificate of Deposit Features:
- Competitive rates
- Grow your money faster with interest compounded daily
- Get the best rate for your CD term with the Ally Ten Day Best Rate Guarantee
- Your deposits are insured by the FDIC up to the maximum allowed by law.
- Protect your legacy. Open this account for a Trust.
- No hidden fees. No maintenance fees. No minimum balance required
Conclusion:
Indulge yourself in one of the most competitive CD account in the game! The Ally Bank No Penalty CD can earn you 1.50% APY for accomplishing $25,000 in minimum opening deposit value on a 11 month term. Grow your money faster with interest compounded daily, and with the No Penalty CD, you will not be charged a penalty for early withdrawal.
You can withdraw your full balance and interest any time after the first 6 days following the date you funded the account. As long as your account isn’t closed within the first six days you will be able to keep your interest with no penalties attached. I also recommend you check out our complete list of our National CD Rates for all your banking necessities!
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