2.37% APY Top CD rates with Ally Bank

June 23rd, 2011 Jonathan Chamberlain Leave a comment Go to comments

Ally Bank provides their highest CD rates to their consumers. The bank offers competitive short term and long term certificate of deposit rates. This money in the bank deal has the following best CD rates:

3 months 0.49% APY
6 months 0.94% APY
9 months 0.95% APY
12 months 1.20% APY
18 months 1.29% APY
3 years 1.75% APY
5 years 2.37% APY

In case you decide to take out some money out of your account before the maturity date, you will have to pay for the penalty which is equivalent to 60 days of interest for both short term and long term CD. The bank does not require minimum deposit to open this best certificate of deposit. They also do not charge any service fees. The earnings of this top CD rate Is compounded on a daily basis. The bank also renews your certificate of deposit once it matures, so make sure to inform the bank if you want to withdraw your money. Take note also that once you open a CD account the interest rates may change, be sure to check with the bank for the latest cd interest rates.

Individuals who want to take advantage of this highest CD rates may apply thru the bank’s website. Make sure to have your identifications ready since you will be using them thru the application process. For questions or concerns with regard to current CD rates or details on how to apply, you may call their customer service thru 877-247-2559.

Ally Bank was first opened in 1919. They have been known internationally and have branches located in the different parts of the world. They have already grown to have over $73 billion in declared assets. The bank is also a member of the Federal Deposit Insurance Corporation with certificate number 57803.

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