Ally CD rates apply to four online CDs, none of which require a minimum deposit. Its 12-month High Yield CD currently pays 4.00% APY, with terms from three months to five years. We update these rates weekly from Ally’s own rate data.
Ally Bank CDs at a glance
- Top rate
- 4.15% APY on an 18-month High Yield CD
- Terms
- 3 months to 5 years
- Minimum deposit
- None
- CD types
- Standard, Special rate, No-penalty, Bump-up
- Early withdrawal penalty
- 30 to 150 days of interest, by term
- Insurance
- FDIC, up to $250,000
Rates checked Sep 17, 2026 against Ally Bank's own rate page. We check weekly and accept no paid placements.
- Ally offers a High Yield CD, a Raise Your Rate CD, a No Penalty CD and periodic Select CD promotions, all with no minimum deposit.
- The 11-month No Penalty CD pays 2.70% APY as of Sep 16, 2026 and can be closed without a penalty after the first six days.
- Under Ally’s Ten Day Best Rate Guarantee, funding a CD within 10 days of opening gets you the best rate Ally offered for that term and balance during those 10 days.
- For comparison, the FDIC national average on a 12-month CD is 1.71% APY.
Ally CD rates today
Each Ally CD has its own table below. Where rates vary by balance, the table shows the tier that includes $25,000.
| Term | APY | Min deposit | Rate last changed |
|---|---|---|---|
| 3-month | 2.70% APY | None | – |
| 6-month | 3.50% APY | None | – |
| 9-month | 3.90% APY | None | – |
| 12-month | 4.00% APY | None | – |
| 18-month | 4.15% APY | None | – |
| 3-year | 3.60% APY | None | – |
| 5-year | 4.00% APY | None | – |
| Term | APY | Min deposit | Rate last changed |
|---|---|---|---|
| 7-month | 3.50% APY | None | – |
| 14-month | 4.00% APY | None | – |
| Term | APY | Min deposit | Rate last changed |
|---|---|---|---|
| 11-month | 2.70% APY | None | – |
| Term | APY | Min deposit | Rate last changed |
|---|---|---|---|
| 2-year | 3.00% APY | None | – |
| 4-year | 3.00% APY | None | – |
A penalty may be imposed for early withdrawal.
Where the rate depends on your balance, the table shows the tier that includes $25,000. Rate last changed is the as-of date of the first week we saw the current rate; a dash means it hasn't changed since we started tracking it. Deposits at FDIC-member banks are insured up to $250,000 per depositor, per ownership category.
Ally’s four CD options
- High Yield CD. Ally’s standard CD, with terms from three months to five years and a rate fixed for the full term.
- Raise Your Rate CD. A two- or four-year CD that lets you raise your rate once on the two-year term, or twice on the four-year, if Ally’s rate for your term and balance increases. Compare its starting rate with the High Yield CD before choosing it.
- No Penalty CD. An 11-month CD that can be closed any time after the first six days following funding, with interest earned kept intact.
- Select CD. Promotional terms Ally offers from time to time. They appear in the tables above only while available.
Interest on every Ally CD compounds daily, and each renews automatically at maturity. CDs can also be opened in the name of a trust.
How Ally compares
The table below ranks the highest 12-month rates among the banks and credit unions we track each week. It is a limited set, so a smaller institution may pay more.
| Rank | Bank | APY | Min deposit | As of |
|---|---|---|---|---|
| 1 | Barclays | 4.25% APY | None | Sep 11, 2026 |
| 2 | Ally Bank | 4.00% APY | None | Sep 16, 2026 |
| 3 | Navy Federal Credit Union | 3.70% APY | $1,000 | Sep 17, 2026 |
| 4 | American Express National Bank | 3.50% APY | None | Aug 25, 2026 |
| 5 | U.S. Bank | 0.05% APY | $500 | Sep 17, 2026 |
Standard CD rates for a $25,000 balance. These are the highest rates among the institutions AnnuityJournal checks each week, not every bank in the country. A penalty may be imposed for early withdrawal. Verify the current rate with the bank.
Across all terms, these are the best rates currently available from the institutions we follow.
| Term | Top APY | National avg. | Bank | Min deposit | As of |
|---|---|---|---|---|---|
| 3-month | 2.70% APY | 1.14% APY | Ally Bank | None | Sep 16, 2026 |
| 6-month | 4.00% APY | 1.41% APY | Barclays | None | Sep 11, 2026 |
| 9-month | 4.15% APY | – | Barclays | None | Sep 11, 2026 |
| 12-month | 4.25% APY | 1.71% APY | Barclays | None | Sep 11, 2026 |
| 18-month | 4.15% APY | – | Ally Bank | None | Sep 16, 2026 |
| 2-year | 4.35% APY | 1.57% APY | Barclays | None | Sep 11, 2026 |
| 3-year | 3.80% APY | 1.34% APY | Navy Federal Credit Union | $1,000 | Sep 17, 2026 |
| 4-year | 2.50% APY | 1.27% APY | Barclays | None | Sep 11, 2026 |
| 5-year | 4.25% APY | 1.36% APY | Barclays | None | Sep 11, 2026 |
Standard CD rates for a $25,000 balance, from each institution's own published rates. These are the highest among the institutions AnnuityJournal checks each week, not every bank in the country. A penalty may be imposed for early withdrawal. Verify the current rate with the bank. National average: the FDIC national rate for August 2026, via the Federal Reserve Bank of St. Louis (FRED).
Ally CD vs. a fixed annuity
A CD and a multi-year guaranteed annuity (MYGA) both lock in a rate for a fixed number of years. The differences are who guarantees the money, how the interest is taxed and what it costs to get out early.
| Product | Rate/APY | What $25,000 earns over 5 years | Guaranteed by |
|---|---|---|---|
| National average 5-year CD FDIC national rate, August 2026 | 1.36% APY | $1,747 | FDIC or NCUA insurance, up to $250,000 |
| Ally Bank 5-year CD Standard rate, as of Sep 16, 2026 | 4.00% APY | $5,416 | FDIC insurance, up to $250,000 |
| 5-year MYGA: Knighthead Life Staysail 5 (Simple Interest) Top rate from carriers rated A- or better (AM Best A-) | 6.55% guaranteed | $8,188 | The issuing insurer and state guaranty associations |
| 5-year Treasury Par yield as of Sep 16, 2026 | 4.86% yield | $6,695 | The U.S. government |
MYGAs are not FDIC-insured; they are backed by the issuing insurer and state guaranty associations, up to state limits, and carry surrender charges for early withdrawals. Earnings are estimates before taxes: the rate compounded once a year over the term with interest left in the account (simple interest where noted). The national average and Treasury figures are treated the same way. A penalty may be imposed for early CD withdrawal. This comparison is educational, not a recommendation; verify every rate with the provider.
Taxes are often the deciding factor. CD interest is taxed each year as it accrues, while annuity interest grows tax-deferred until it is withdrawn. For a closer look, see how MYGAs compare with Treasury bonds and today’s best MYGA rates.
Before you open an Ally CD
- No minimum. Every Ally CD can be opened with any amount and still earns the posted APY.
- Early withdrawal penalties. The High Yield and Raise Your Rate CDs charge a penalty for withdrawals before maturity, set out in the table below; the No Penalty CD does not.
- Insurance. Ally Bank is a member of the FDIC, so deposits are insured up to $250,000 per depositor, per ownership category.
- Renewal. Your rate is fixed for the term, but a renewed CD earns whatever Ally is paying at renewal. A fixed annuity works the same way at the end of its guarantee period.
| CD term | Penalty |
|---|---|
| Less than 3 months | 30 days of interest |
| 3 to 24 months | 60 days of interest |
| 25 to 36 months | 90 days of interest |
| 37 to 48 months | 120 days of interest |
| 49 months or longer | 150 days of interest |
The No Penalty CD has no penalty after the first six days following funding.
Who Ally CDs suit
Ally is a strong fit for savers who want no minimum deposit, who may need early access through the No Penalty CD, or who expect rates to rise and value the Raise Your Rate option. Its range of terms also works well for a CD ladder.
It is a weaker fit if you want in-person service, since Ally operates online only, or if you are saving for five years or longer and would benefit from the tax deferral a MYGA offers.
Frequently asked questions
What is Ally Bank's best CD rate right now?
Ally Bank's highest CD rate we track is 4.15% APY on its 18-month High Yield CD, as of Sep 16, 2026. That's for a $25,000 balance. Rates change often, so confirm the current rate with Ally Bank before opening an account.
When were these rates last checked?
AnnuityJournal last checked Ally Bank's rates on Sep 17, 2026, directly from Ally Bank's own rate page. We check once a week, and we stop showing any rate that hasn't been checked in 10 days.
Is an Ally Bank CD better than a fixed annuity (MYGA)?
Over 5 years, Ally Bank pays 4.00% APY on its CD, and the top 5-year MYGA we track pays 6.55% guaranteed (Knighthead Life). It depends on what you need. A CD is FDIC-insured up to $250,000 and you can reach the money early by paying a penalty. A MYGA is not FDIC-insured; it is backed by the issuing insurance company and state guaranty associations, carries surrender charges, and its interest grows tax-deferred until you withdraw it.
Are Ally CDs insured?
Yes. Ally Bank is a member of the FDIC, which insures deposits up to $250,000 per depositor, per ownership category. That coverage is backed by the U.S. government.
How does the Ally No Penalty CD work?
You can withdraw the full balance any time after the first six days following funding and keep the interest earned. Compare its rate with the High Yield CD above to see what that flexibility costs.
What is Ally’s Ten Day Best Rate Guarantee?
If you fund your CD within 10 days of opening it, Ally gives you the best rate it offered for that term and balance tier during those 10 days.
Rates change without notice, so confirm current Ally CD rates with the bank before opening an account.