I included the Federal Funds Rate (source: St Louis Fed, Federal Funds Rate) as a comparison as this is the rate that banks lend to each other. You can see the spike in Ally Bank rates generally following increases and decreases with changes to the Federal Funds Rate. So if you’re on the fence about figuring out when is a good time to lock in a rate with Ally Bank on a CD, just look at how the Federal Funds rate has been trending.
High Yield Cd Rates
In addition, I included the national average for the 12 month CD rates (source: St Louis Fed Avg 12 Month CD). This average seems to be less responsive to the Federal Funds rate, but still shows some similar movement.
Start with a great rate, plus have the opportunity to increase your rate once over the 2-year term or twice over the 4-year term if our rate for your term and balance tier goes up. No Penalty CD – 11-month term.
Ally Cd Rates Drop
Table of Ally 12 Month CD Rates 2010-2020
The Best Ally Bank Rates. Compare the Best Ally Bank Rates. FDIC insured Banks. Highest APY Interest Rate. Highest Yield CD Rates. Review the Top High Yield Certificate of Deposit rates Android Text Messages from PC. SMS from your computer. Best Audio Podcast Clips (PodClips) Best CD rates - RateBrain Blog Top 10 Videos Credit Union CD Rates. Longer CD terms typically carry higher interest rates. For example, the longest term, 60-month CD earns at an APY of 0.85%, while the shortest term of three months earns at 0.20% APY. However, there are other factors besides interest rates to consider. It’s important to open CDs according to your savings goals. The current CD products include Ally Bank's High Yield CD, No Penalty CD, and Raise Your Rate CD. The rates and yield you earn on Ally's CDs vary but mostly depend on the term of the CD. The shortest-term CD, 3 months, currently has a yield of 0.75 percent while the longest-term CD, 60-months, has a yield of 2.15 percent.
Note for anyone else, I had some trouble with the Web Archive providing inconsistent results on the pages I was using to get the interest rates from. This is why for some of the more recent recordings, I used blog posts to get the rates. I think there is some kind of issue with how the data is saved since it looks like the data is loaded by javascript I think my browser is caching the javascript file with information from a previous snapshot.
Ally Bank Online Savings Account
Recorded 11/27/2020
Ally Cd Rates Highest 1 Year
- 9 Month: 0.5%
- 12 Month: 0.65%
- 18 Month:
- Less than $5k Deposit : 0.7%
- $5k – $25k Deposit : 0.7%
- Greater than $25k Deposit: 0.7%
- 3 Year:
- Less than $5k Deposit : 0.75%
- $5k – $25k Deposit : 0.75%
- Greater than $25k Deposit: 0.75%
- 5 Year: 1.0%