Ally Bank continues to offer very attractive bank CD interest rates as well as competitive rates for its other products, including savings account, money market account and checking accounts.

Ally Bank CD rates were down, on average, very modestly for the week ending April 23, 2010.  The changes for this week’s Ally Bank CDs included a one basis point or 1/100 of a percent rate reduction on the one year CD from 1.50% to 1.49%, a five basis point rate reduction on the six month bank CD and two basis points drop on the no penalty CD.

The interest rates on Ally Bank CDs with a fixed term and fixed rate include:

3 month term Ally Bank CD rate is 0.80%
6 month Ally Bank CD rate is 1.15%
9 month bank interest rate is 1.10%
1 year Ally Bank CD interest rate is 1.49%
18 month CD rate is 1.65%
2 year bank CD interest rate is 1.99%
3 year CD rate is 2.33%
4 year CD interest rate is 2.59%
5 year Ally Bank CD rate is 2.99%

The two year term CD is the Ally Bank raise your rate CD which allows the account holder the option of a one time rate increase on the CD if the interest rate goes up during the term of CD.

The no penalty CD has a term of 11 months and the rate is now at 1.38%.  The no penalty CD gives the account holder the option to withdraw their funds anytime 6 days after the certificate of deposit is funded without incurring an early withdrawal penalty. 

The other bank products offered include the online savings account which continues to earn an interest rate of 1.29%, the money market account which has an interest rate at 1.29% as well, and the tiered rate checking account.  The rate on the checking account stands at 0.50% for balance less than $15,000.00 and 1.05% for balances in excess of $15,000.00.

Bank CD interest rates are current as of this publication date but are not guaranteed.  All rates reviewed are subject to Ally Bank approval and may change at the discretion of the bank prior to opening the accounts.  To find out more about Ally Bank products and current CD rates, an Ally Bank customer service representative can be reached at 877-247-2559.

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