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:
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.
| Terms | Yields |
|---|---|
| 3 months | 2.50% APY |
| 6 months | 3.50% APY |
| 9 months | 4.15% APY |
| 12 months | 4.50% APY |
| 18 months | 4.80% APY |
| 36 months | 4.25% APY |
| 60 months | 4.25% APY |
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:
- 5% APY
- Minimum deposit: $0
- Term: 11 months
- Member FDIC
- 4,40% APY
- Minimum deposit: $5000
- Term: 12 months
- Member FDIC
- 4,65% APY
- Minimum deposit: $1000
- Term: 13 months
- Member FDIC
- 4,60% APY
- Minimum deposit: $0
- Term: 14 months
- Member FDIC
- 4,60% APY
- Minimum deposit: $1000
- Term: 12 months
- Member FDIC
- 4,55% APY
- Minimum deposit: $1000
- Term: 12 months
- Member FDIC
- 4,50% APY
- Minimum deposit: $0
- Term: 12 months
- Member FDIC
- 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:
| Pros | Cons |
|---|---|
| No fees | |
| 4.80% APY | |
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
| Information | Description |
|---|---|
| Website | https://www.ally.com/ |
| https://twitter.com/Ally | |
| https://www.facebook.com/ally | |
| YouTube | https://www.youtube.com/c/ally |
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Updated the day 16 May, 2023 by Alfredo Barandiarán
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