Ally Bank has the highest yielding 12 Month CD rate of 1.44% APY. With Ally Bank you can open a certificate of deposit with no money down, have no monthly fees and get their best rate guarantee. Ally Bank carries a Ten Day Best Rate Guarantee, which means that within 10 days of opening your account, if CD rates increase you will be bumped up to the higher rate automatically.

Ally Bank has a 60 days interest, early withdrawal fee for closing out your CD early. They also have a ‘No Penalty CD’ offer at a lower rate, but your money is not locked up for the term of the certificate of deposit.

How much can you earn from this rate?

If you were to deposit at least $25,000 into the 12 Month CD from Ally Bank, you would earn $360.06 in 12 months.

Ally Bank also has a competitive 5 year CD at 2.79% APY, that would earn $3,684.89 for the same deposit.

If you decide to invest into any Ally CD’s be sure to watch your maturity date, as Ally will automatically renew the account if it is not closed. Check out their current rates here.

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