RateAPY

One-Year Certificate of Deposit from Ally Bank Earns 1.49% APY

Posted by: RateAPY Bank Rates News
June 15th, 2010

If the Federal Reserve increases interest rates, consumers are more likely than ever to open a certificate of deposit (CD) to lock in guaranteed interest for a specific term. In the meantime, savers can compare rates online to find the best interest rates.

Ally Bank offers a wide range of CDs that do not require a minimum deposit and there are no monthly fees charged. Fees will be charged only for an early withdrawal. The Ally Ten Day Best Rate Guarantee gives accountholders the option of shifting to a higher rate within the first ten days after the CD is opened. Interest on these FDIC-insured accounts is compounded daily.

Ally Bank CD Rates and Terms as of 6/11/10

Term/Interest Rate/APY

3 Months/0.74%/0.74% APY

6 Months/1.13%/1.14% APY

9 Months/1.00%/1.00% APY

1 Year/1.48%/1.49% APY

1.5 Years/1.63%/1.64% APY

3 Years/2.27%/2.30% APY

4 Years/2.47%/2.50% APY

5 Years/2.91%/2.95% APY

Compare CD rates and terms online to find the best interest rate for the term that meets your needs.