Ally certificate of deposit review

Do you want to see a complete review of the Ally certificate of deposit? From Responsible Economy we have carried out an analysis of all its features: interest rate, terms, fees and everything you need to know. You will also be able to see a comparison of the best certificates of deposit in the United States in 2023 and an explanatory video. Welcome!

Explicative video

We have made a video summarizing in a very simple way all the features of the Ally Certificate of deposit. If you like our content, don’t hesitate to support us with a subscription and thus receive videos every day:

YouTube video
Ally certificate of deposit

Features

In this section we show you all the characteristics of the Ally certificate of deposit:

Interest rate

The maximum interest rate you can get with the Ally Certificate of Deposit is 4.80% APY with a term of 18 months. Each term has a different interest rate.

TermsYields
3 months2.50% APY
6 months3.50% APY
9 months4.15% APY
12 months4.50% APY
18 months4.80% APY
36 months4.25% APY
60 months4.25% APY
Ally Certificate of Deposit rates

Ally offers a competitive certificate of deposit because the maximum interest rate you can get is 4.80% APY.

Fees

Always look at the annual or monthly maintenance fees. This certificate of deposit has no maintenance fees and is free to open.

Minimum deposit

There is no minimum initial deposit. This is undoubtedly a great advantage over other certificates of deposit.

Best certificate of deposit in 2023

We have made a ranking with the best certificates of deposit that we can open in the United States in 2023:

Logo capital One CDs
  • 5% APY
  • Minimum deposit: $0
  • Term: 11 months
  • Member FDIC
Marcus by Goldman Sachs
  • 4,40% APY
  • Minimum deposit: $5000
  • Term: 12 months
  • Member FDIC
CIT Bank Logo
  • 4,65% APY
  • Minimum deposit: $1000
  • Term: 13 months
  • Member FDIC
synchrony-bank-logo
  • 4,60% APY
  • Minimum deposit: $0
  • Term: 14 months
  • Member FDIC
Alliant Logo
  • 4,60% APY
  • Minimum deposit: $1000
  • Term: 12 months
  • Member FDIC
Bask bank logo
  • 4,55% APY
  • Minimum deposit: $1000
  • Term: 12 months
  • Member FDIC
Barclays Logo
  • 4,50% APY
  • Minimum deposit: $0
  • Term: 12 months
  • Member FDIC
BMO logo
  • 4,50% APY
  • Minimum deposit: $1000
  • Term: 12 months
  • Member FDIC

Pros and cons

After seeing all the features of the Ally certificate of deposit and which are the best CDs in the United States, we have made a table with all the advantages and disadvantages:

ProsCons
No fees
4.80% APY
Ally certificate of deposit pros and cons

Requirements

To open this certificate of deposit you must meet the following requirements:

  • Live in the United States
  • Must be over 18 years old
  • Have a Social Security
  • American account number

Conclusion

After our review, our conclusion is that Ally offers one of the best certificates of deposit because it offers a maximum interest rate of 4.80% APY, has no fees and no minimum initial deposit is required.

Frequent questions

Now we answer all the questions you may have about the Ally certificate of deposit:

More information about Ally

Here is a table with information of interest about Ally

InformationDescription
Websitehttps://www.ally.com/
Twitterhttps://twitter.com/Ally
Facebookhttps://www.facebook.com/ally
YouTubehttps://www.youtube.com/c/ally
Interest information about Ally

Finally, we show you related content about certificates of deposit:

Updated the day 16 May, 2023 by Alfredo Barandiarán

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