Home Banks Ally Bank CD Rates & Fixed Deposits Ally Bank Raise Your Rate 2-Year CD

Ally Bank Raise Your Rate 2-Year CD

About Ally Bank CD Rates & Fixed Deposits

The Ally Bank Raise Your Rate 2-Year CD from Ally Bank is one of the top-rated CD Rates & Fixed Deposits options evaluated on MoneyCompared, earning an overall product score of 9.5/10. Bump-up Certificate of Deposit giving you the option to increase your APY once during a 2-year term (or twice on a 4-year term) if Ally's rate for your term goes up.

Key highlights include 3.90% APY (24-Month Bump-Up Term), a fee structure of $0 Maintenance Fee, and Option to Bump Up Your Rate if Market Rates Rise. Accounts are backed by FDIC Insured up to $250,000 and supported by Ally Bank's 4.9 / 5.0-rated digital banking experience.

Features

Annual Fee	$0 Maintenance Fee
Regular APR / Rate	3.90% APY (24-Month Bump-Up Term)
Intro Offer / Welcome Bonus	Option to Bump Up Your Rate if Market Rates Rise
Savings APY / AER	3.90% APY + 1 Rate Bump on 2-Year CD (2 Bumps on 4-Year CD)
Minimum Deposit	$0 Minimum Deposit Required
Foreign Transaction Fee	60 Days Interest Early Withdrawal Penalty
Deposit Insurance	FDIC Insured up to $250,000
Mobile App Rating	4.9 / 5.0
Overall Rating	9.5 / 10

About Product

Annual / Monthly Fee: $0 Maintenance Fee
APR / APY Rate: 3.90% APY (24-Month Bump-Up Term)
Intro Offer / Bonus: Option to Bump Up Your Rate if Market Rates Rise
Key Benefits: 3.90% APY + 1 Rate Bump on 2-Year CD (2 Bumps on 4-Year CD)
Minimum Requirement: $0 Minimum Deposit Required
Foreign Transaction Fee: 60 Days Interest Early Withdrawal Penalty
Protection: FDIC Insured up to $250,000

Pros

Rate / APR / APY: 3.90% APY (24-Month Bump-Up Term)
Fee Structure: $0 Maintenance Fee
Welcome Offer / Benefit: Option to Bump Up Your Rate if Market Rates Rise
Rewards & Highlights: 3.90% APY + 1 Rate Bump on 2-Year CD (2 Bumps on 4-Year CD)

Cons