ALLY
Ally (Certificate Of Deposit)
        
A certificate of Deposit or CD is a time deposit, a financial product commonly offered to consumers by banks. Maximize your earnings with Ally Bank. Open a CD now with a $0 deposit, no monthly fees, daily compounded interest for maximum earnings, and automatic renewal at maturity. What's more, Ally Bank customers may withdraw and receive earned interest as income. CDs are FDIC-insured. There is no minimum deposit and they grow your money faster by compounding interest daily. Many others compound monthly or annually.
Location: USA
Account Name: Ally Certificate of Deposit
Advantages:
1.There is no minimum deposit
2.The rate of interest is higher than an average standard account
3.Fixed rate terms from three months to sixty months and a two year Raise Your Rate Certificate of Deposit that lets you raise your rate once during your term if their rates go up
Disadvantages:
1.Your money must remain in the account for a fixed term
2.There are penalties if money is withdrawn early 3. You cannot add money to an account which is maturing
Services:
1.High APY
2.Insured Account
 
Ally Bank Rates
Duration    APY
3 months     0.29%
6 months     0.61%
9 months     0.65%
12months    0.94%
18months    0.94%
2 years        1.08%
3 years        1.19%
4 years        1.30%
5 years        1.54%
 
11 month no penalty CD 0.86%
Online Savings Account 0.84%
Money Market Account 0.84%
 
last updated 18/4/13

Interest APY: 0.94%Interest Gross: See Website For Details
Interest Paid: MaturityMinimum Income: Nil
Overdraft Rate: N/A
Banking Charges: See Website For Details
Service Charges: See Website For Details
Account Access: Online
Withdrawal Access: Fixed Terms

Free Banking: NoDebit Card: No
Cheque Guarantee Card: NoStanding Orders: No
Direct Debits: NoOverdraft Facility: No
Account Manager: No

Conditions:
Certificate of Deposit
Features:
They offer three types of CD
1.A High Yield Certificate of Deposit with fixed rate terms of 3, 6, 9, 12, 18, 36, 48, and 60 months
2.A 2 year Raise Your Rate Certificate of Deposit that lets you raise your rate once during your term if their rates go up 
3.No Penalty Certificate of Deposit with a 11 month term that allows a no fee early withdrawal.
Introductions and Offers:
With the Ally Ten Day Best Rate Guarantee, you get the option of a higher rate. Most banks offer only one the one you get the day you fund.
Terms and Conditions:
Investment term of 3 months minimum
        
REVIEWS
Ally Certificate of Deposit (Which Way To Pay - 14/1/2011)
Ally Certificate of Deposit is ranked 3 out of 5. Based on 1 review.

3 Star Rating

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