Available nationwide, Ally Bank is currently offering 1.25% APY on a 13-Month Select CD when you open a new online CD account by February 28, 2017. For those who are not familiar with this current offer from Ally Bank, it allows you to earn a very attractive APY rate while still being able to enjoy great features such as automatic renewal into a 12-Month High Yield CD as well as interest compounded daily. When compared to 90 similar length-of-term CDs offered nationwide, only six banks offers a higher rate than Ally Bank’s 13-month select CD rate. In fact, Ally Bank ranks among one of the highest along with EverBank and LiveOak Bank! If you are currently interested in this limited time offer, I recommend you act as soon as you can as the rate will soon change!
Ally Bank CD Summary:
- Apply Now
- Expiration Date: 02/28/2017
- Account Type: CD account
- APY Rate: 1.25%
- Availability: Nationwide
- Soft/Hard Pull: Unknown
- Minimum Balance Requirement: None
- Early Withdrawal Fee: You may face a penalty if you withdraw before the maturity date.
- Auto-Renewal: Yes
Ally Bank CD Account Features:
- Automatically renews into 12-Month High Yield CD
- Your deposits are insured by the FDIC up to the maximum allowed by law
- Interest compounded daily
- Ally Ten Day Best Rate Guarantee
- Early withdrawal penalty will apply
- Free Online Banking with Bill Pay
Ally Bank 1.25% APY Steps:
- Step 1: Get Started
- Select the option that describes you best
- Step 2: Select a Product
- Select which account you would like to open
- Step 3: Enter Your Information
- Enter in your personal information including your name, email address, phone number, address as well as your SSN
- Step 4: Submit Application
- Step 5: Document Upload
- Once all the requirements have been met, you will receive your 1.25% APY as well as a host of features
Conclusion:
Are you in the market for a new CD account? How about earning a 1.25% APY? If you answered yes to the questions, then Ally Bank is the bank for you! Because Ally Bank is an online bank, you get to save more money than your typical brick and mortar banks. With the limited time offer, you are able to enjoy a great rate while being a part of a bank that is ranked among the highest. As of now, only six banks offer a higher rate than Ally Bank’s 1.25% on a 13-Month CD! What’s not to like? However, if you are not currently interested, be sure to see our complete list of the Best National CD Rates for all your banking needs!
Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.