Ally Bank’s High-Yield Certificates of Deposit (CD) are ranked among the best CD Accounts by GOBankingRates in its 2020 rankings. Ally Bank is one of only two banks on the list with no minimum deposit requirements for its CDs. In addition to standard three-month to five-year CD terms, Ally Bank also offers additional select CDs such as an 11-month, no-penalty CD and a Raise Your Rate CD available in 2- or 4-year terms.

Ally Bank’s High Yield CDs Named Best CD Accounts of 2020 by GOBankingRates