Bank CD Rates

The Ally Bank High CD rates are from the old GMAC financial intuition. These are certificates of deposit with the highest fixed rates available at Ally bank. There is no minimum deposit required, but without a deposit, no interest can be accumulated. There are no monthly fees associated with any CD at ALLY unless there is an early withdraws.  Each CD opened is give the ALLY ten day best rate guaranteed. The interest is compounded daily to help the customers maximize their earnings. Each CD is insured by the FDIC for the entire amount under $250,000. There is a ten day grace period with every Ally CD and if no action is taken then the CD is automatically renewed.

 

This bank CD rates are dependent on the maturity of the CD. The 5 year CD has an interest rate of 3.05% and an APY of 3.10%. The 4 year CD has an interest rate of 2.71% and an APY of 2.75%. The 3 year CD has an interest rate of 2.47% and an APY of 2.50%. The 2 year CD has an interest rate of 2.17% and an APY of 2.19%. The 18 month CD has an interest rate of 1.82% and an APY of 1.84%. The 12 month CD has an interest rate of 1.82% and an APY of 1.84%. The 9 month CD has an interest rate of 1.19% and an APY of 1.20%.The 6 month CD has an interest rate of 1.39% and an APY of 1.40%. The 3 month CD has an interest rate of 1.00% and an APY of 1.00%.

 

These rates were posted on 12/21/09 and were still current as of 12/22/09 but are subject to change without notice. The Ally Bank High CD rates are above the national average and for CD’s are considered a good investment at this time.