Ally Bank has a promotion for a 14-month CD that will get you a rate of 2.85% APY. The offer is available until 2/28/2019.
Offer Terms
- Promotional term available through 2/28/2019
- No minimum deposit to open
- Interest compounded daily
- Automatically renews into a 12-month High Yield CD
- Your deposits are insured by the FDIC up to the maximum allowed by law
- Ally Ten Day Best Rate Guarantee
- Early withdrawal penalty will apply
Guru’s Wrap-Up
A decent rate from Ally Bank, but your need to keep your money in the account for 14 months to avoid a penalty.
They also have a no-penalty 11-month CD with a rate of 2.30% APY if you deposit $25,000.
