The great aspect of this CD is the low minimum deposit of $500. Some certificates of deposit require a much higher minimum, forcing many people to look elsewhere.

Federation Bank is located in the great state of Iowa and branches can be found in Brighton, Wellman, Richman and two in Washington. In 2003 Washington Federal and Rubio Savings Bank merged to form Federation Bank, while Rubio Savings has been around since 1906. This is a bank that is well developed and offers other great services other than their excellent CD rates. Be sure to visit a branch location nearest you for other CD rate offers.

• 30 days = All Interest
• 2-18 Month CDs = 3 Months Interest
• 2 Years+ CDs = 6 Months Interest

Some banks have stricter penalties, so be sure to read the fine print!

Ally Bank’s No Penalty CD is only available in the 11 Month term, with a current rate of 1.35 percent. This is a pretty good rate since you can take your money out at any time after the first 6 days without paying a penalty. This 11 Month CD currently beats many 12 Month CDs from major banks, Credit Unions are the exception.

Ally Bank’s Raise Your Rate CD is only available for the 2 Year term, with a rate of 1.92%. With this CD, you have the option of raising your rate once within the 2 year term. If rates go higher than 1.92% you can bump your interest rate up to the higher level.

Here is a list of all of Ally Bank’s CD Rates:

• 3 Month Bank CD Rates – 0.69% APY
• 6 Month Bank CD Rate – 1.14% APY
• 9 Month CD Rate – 1.00% APY
• 12 Month CD Rates – 1.48% AP
• 18 Month CD Rate – 1.60% APY
• 3 Year CD Rate – 2.24% APY
• 4 Year CD Rate – 2.46% APY
• 5 Year CD Rate – 2.94% APY

CD Rates are constantly changing, so to find the most up to date rates, visit Ally.com