Ally Bank has some of the best bank CD rates right now. Ally Bank’s rates are better than most banks but of course you can get higher CD rates banks that are smaller than Ally Bank.
Ally Bank’s best bank CD rate is on their 60 month CD account. The current interest rate is 2.37% with an APY of 2.40%, one of the best CD rates available right now.
Ally Bank’s 3 month certificate of deposit account rate is 0.54% with an APY of 0.54%. One of the highest CD rates right now. I recommend investing in shorter term certificates of deposit because interest rates are going higher this year.
Bank CD Rates at Ally Bank
3 months 0.54% APY 0.54%
6 months 0.94% APY 0.94%
9 months 0.95% APY 0.95%
12 months 1.22% APY 1.23%
18 months 1.29% APY 1.30%
3 years 1.78% APY 1.80%
4 years 2.03% APY 2.05%
5 years 2.37% APY 2.40%
Opening a CD account at Ally Bank is painless and easy. You can start the process on their website here: Ally Bank Application.
