Ally Bank CD rates were mixed for the week ending April 16, 2010 with two CD terms showing a rate increase while two others displayed a reduction in yield.  The no penalty CD marketed by Ally Bank increased in yield week over week as did the 9 month term CD. 

Interests rates were down on the three month bank CD and three year CD.  The three month CD rate was down four basis points or 4/100 of a percent while the three year dropped by just one basis point.

Ally Bank CD products include traditional fixed rate CDs, a no penalty CD as well as a rate increase bank CD.

Ally Bank CD rates for fixed term and fixed rate CDs currently promoted by the bank include:

Ally Bank CD rate with a 3 month term has a rate of 0.80%
Ally Bank 6 month CD rate is 1.20%
9 month CD rate is 1.10%
1 year bank CD interest rate is 1.50%
18 month Ally Bank rate is 1.65%
2 year CD rate is 1.99%
3 year Ally Bank CD rate is 2.33%
4 year CD interest rate is 2.59%
5 year CD bank rate is 2.99%

These certificate of deposit rates are for fixed term and fixed rate CDs.  All of the Ally Bank CD reviewed have no minimum deposit requirements.

The no penalty CD rate was increased by five basis points, rising from 1.35% last week to 1.40% this week.  The no penalty CD offers the account holder the opportunity to withdraw their funds after 6 days from the certificate of deposit without incurring a penalty.  

The Ally Bank raise your rate CD which has a two year term and the option of a one time rate increase for the CD if the rate goes up.  The CD rate for this product has remained at 1.99%.

Ally Bank also offers a money market account that has a current interest rate of 1.29% as well as an online savings account that has an interest rate of 1.29%.  Both of these rates were unchanged.

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

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