Today at CD Interest Rates we are going to update our information on Ally Bank CD Rates in order to promise all our viewers the most recent Bank CD rates in Ally Bank.

As mentioned in our previous blog, there are two main CD types, the High Yield CD and the No Penalty CD. The No Penalty CD has the freedom of a no fee early withdrawal allowing customers to open a bank account with $0 and no fees no matter the case. It is all FDIC insured allowing for maximum coverage as well as an automatic renewal is provided at maturity. The Annual Percentage Rate for the No Penalty CD for a term of 9 months is at 1.34%.

As for the High Yield CD, it works the same as the No Penalty CD in terms of its same $0 deposit to open an account and no monthly fees required. It is also FDIC insured with the benefit of being able to withdraw and receive earned interest as an income and an automatic renewal at maturity. The Annual Percentage Rates for the High Yield CD has a range from 3 months up to 5 years with the APY increasing the longer the term.

From a start of 3 months the APY is at 1.05%, at 6 months the APY is at 1.40%, at 9 months the APY is at 1.30%, at 12 months the APY is at 1.85%, at 18 months the APY is at 1.89%, at 2 years the APY is at 2.19%, at 3 years the APY is at 2.50%, at 4 years the APY is at 2.75%, at 5 years the APY is at 3.10%.