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Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) Expired

5% APY
(w/ No Minimum Deposits)
+38 Deal Score
62,489 Views
Ally is offering their Ally Bank: 9-Month High Yield Certificate of Deposit (CD) at a 5% Annual Percentage Yield on All Balance Tiers (No Minimum Deposit) when you open an account and deposit funds.

Thanks to community member MsGal for finding this deal

Note, ensure that you have select the '9-Month' term to receive your 5% annual percentage yield on your balance tiers/account
  • FDIC-Insured Deposited (allowed by law)
  • Flexibility/Security/Open Name of a Trust
  • No Monthly Maintenance Fees
  • Digital Banking Tools Anywhere/Anytime
  • No Minimum Deposit Required
  • 0.05% Loyalty Reward w/ New or Renew CD
  • Manage your CD Online

Editor's Notes & Price Research

Written by
  • The current APY offered through Ally Bank at a 9-month term at 5.00% Annual Percentage Yield on all balance tiers
  • The Annual Percentage Yield is based on your opening deposit amount; advertised APYs are subject to change anytime
  • When you CD matures, you can withdraw your money at no charge during a 10-day grace period; withdrawal before the maturity date are subject to penalties
Additional Notes
  • Please refer to the forum thread for additional details - Discombobulated

Original Post

Written by
Edited July 30, 2023 at 03:34 PM by
Ally Bank [ally.com] is offering a 9 Month High Yield Certificate of Deposit at 5% APY with no minimum deposit.



About this deal:
No minimum deposit to open
Interest compounded daily
Deposits are insured by the FDIC up to the maximum allowed by law
Early withdrawal penalty applies
APY is fixed for the term of the CD and is subject to change upon renewal
Manage all aspects of your CD account online, including making early withdrawals, all without having to pick up the phone
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.
Deal
Score
+38
62,489 Views
5% APY

174 Comments

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Featured Comments

Or you can buy a short-term treasury ETF like SGOV instead, get 5.3% of yield, interest is exempt from state income tax, and way more liquid.
Do not do what this guy says. Get a financial advisor if you're considering it. Do not get you financial advice from SD. Good luck.
I've never had any issues. I've had a checking, savings, and invest account with them for 6 years now.

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Joined Jun 2015
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> bubble2 38 Posts
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samsk
07-31-2023 at 05:29 AM.
07-31-2023 at 05:29 AM.
This or CIT bank?
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Joined Oct 2017
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> bubble2 2,818 Posts
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02nz
07-31-2023 at 08:55 AM.

Our community has rated this post as helpful. If you agree, why not thank 02nz

07-31-2023 at 08:55 AM.
Or you can buy a short-term treasury ETF like SGOV instead, get 5.3% of yield, interest is exempt from state income tax, and way more liquid.
6
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Joined Nov 2019
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> bubble2 25 Posts
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nimabear
07-31-2023 at 11:58 AM.
07-31-2023 at 11:58 AM.
Quote from thegman230 :
Isn't ally bank horrible with problems?
I've never had any issues. I've had a checking, savings, and invest account with them for 6 years now.
Reply
Joined Jan 2005
L5: Journeyman
> bubble2 511 Posts
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mykohsu
07-31-2023 at 02:49 PM.
07-31-2023 at 02:49 PM.
Quote from 02nz :
Or you can buy a short-term treasury ETF like SGOV instead, get 5.3% of yield, interest is exempt from state income tax, and way more liquid.
It seems to be 4% right now?
3
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Joined Oct 2017
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> bubble2 2,818 Posts
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02nz
07-31-2023 at 02:51 PM.
07-31-2023 at 02:51 PM.
Quote from mykohsu :
It seems to be 4% right now?

No, look at the SEC 30-day yield.
1
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Joined Nov 2009
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> bubble2 294 Posts
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dflores88
07-31-2023 at 03:00 PM.

Our community has rated this post as helpful. If you agree, why not thank dflores88

07-31-2023 at 03:00 PM.
Quote from 02nz :
Or you can buy a short-term treasury ETF like SGOV instead, get 5.3% of yield, interest is exempt from state income tax, and way more liquid.

Do not do what this guy says. Get a financial advisor if you're considering it. Do not get you financial advice from SD. Good luck.
3
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Joined Nov 2007
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> bubble2 2,287 Posts
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gummi-eater
07-31-2023 at 03:06 PM.
07-31-2023 at 03:06 PM.
Is this an online only bank?
Reply
Joined Jul 2008
You can call me "Al"
> bubble2 18,308 Posts
38,677 Reputation
Original Poster
MsGal
07-31-2023 at 03:07 PM.
07-31-2023 at 03:07 PM.
Quote from thegman230 :
Isn't ally bank horrible with problems?
We've been with them for 11 years and never had a single issue. Their customer service is excellent and they are available 24/7.
Reply
Joined Feb 2007
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sgb
07-31-2023 at 03:07 PM.
07-31-2023 at 03:07 PM.
Quote from thegman230 :
Isn't ally bank horrible with problems?
I've never had any issues with them but I wouldn't go for this when treasury yields are higher.
3
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Joined Jul 2008
You can call me "Al"
> bubble2 18,308 Posts
38,677 Reputation
Original Poster
MsGal
07-31-2023 at 03:11 PM.
07-31-2023 at 03:11 PM.
Quote from gummi-eater :
Is this an online only bank?
Yes, but customer service is available 24/7.
Reply
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