Following that time, there’s a 10-day grace period during which you can withdraw your money without incurring charges. If you want to make a withdrawal, you’ll have to wait for the account’s maturity date. You can face penalty fees for early withdrawals with the High Yield CDs and the Raise Your Rate CDs, however. No Ally CD accounts charge a monthly maintenance fee.

Prospective customers will also benefit from the 'Ally Ten Day Best Rate Guarantee.' With this, you’re guaranteed the most favorable rate for your term and balance tier if Ally's rate changes during the 10-day window after your account's open date. Each Ally CD compounds interest daily, which can allow your interest to grow marginally faster than an account that compounds monthly. These are called the High Yield CD, the Raise Your Rate CD and the No Penalty CD. There are three types of proprietary CD accounts available through Ally. You can only access these CDs and all other Ally accounts through the bank's online and mobile platforms, as this is a completely branchless bank. Having a number of CD choices allows you to save for specific goals, from your child's college tuition to an emergency or vacation fund. One of Ally's strongest offerings, though, is its wide variety of certificates of deposit (CDs). Ally Bank boasts many different types of bank accounts, including savings accounts, checking accounts, a money market account and individual retirement accounts (IRAs).

Ally bank cd interest rates