10 Reasons Ally Bank’s Raise Your Rate CDs Are Cool!

by Ron Haynes

Having worked for a bank for several years after college, I’ve had a lot of experience with CDs but I never thought any bank would be willing to allow customers to raise the rate! After all, a CD’s rate is usually set in stone but not with Ally Bank.

How to raise your CD rate with Ally Bank

With Ally’s Raise Your Rate CD, you can increase your interest rate once (for a 2 year CD) or twice (for a 4 year CD) if rates go up any time during your CD’s term. You can actually open your CD with Ally without funding it, but if you fund your CD within ten days of opening (including your open date) or when your Ally CD renews, you automatically get the best rate they offer during those ten days with the Ally Ten Day Best Rate Guarantee.

10 reasons you should use Ally Bank for your CD investments

Ally Bank IRA High Yield CDs and Online Savings Accounts.  Member FDIC1. Daily Compounding

Ally grows your money faster by compounding interest daily. Many others compound monthly, quarterly, or even annually. What’s the big deal? The more often your investments are compounded, the more money you’ll make.

2. Open a CD without any money

You can go ahead and get your CD account opened even if you don’t have the money to fund it yet. Then you can fund it when you wish.


3. No fees

Back when I was selling CD investments, a small monthly fee was commonplace. Ally doesn’t charge a fee.

4. Raise your rate once for a 2 year CD

When you invest for a period of 24 months, you can arbitrarily raise your CD’s interest rate once over the term/

5. Raise your rate TWICE with a 4 year CD

Investing for 48 months allows you to raise your rate twice!

6. Personalized alerts

Ally allows you to personalize alerts when it may be a favorable time to raise your rate.

7. The Ally Ten Day Best Rate Guarantee

If you fund your CD within 10 days of opening (or renewing your CD), you automatically get the best rate Ally offers during those 10 days starting with your open or maturity date.

8. Peace of mind

Ally Bank CDs are fully insured up to the maximum amount.

9. Automatic renewal

When your CD renews, you can set it up to automatically renew. That way you won’t have money sitting around not making anything.

10. Consistently HIGH rates

Ally consistently has among the highest rates for their CDs anyway. Add to it the option of increasing your rate and you can personally make certain you have the highest rate going.

Get Ally Bank Raise Your Rate CD Information HERE!

If you’ve considered moving money into a CD, take time to consider Ally’s Raise Your Rate CD!

About the author

Ron Haynes has written 988 articles on The Wisdom Journal.

The founder and editor of The Wisdom Journal in 2007, Ron has worked in banking, distribution, retail, and upper management for companies ranging in size from small startups to multi-billion dollar corporations. He graduated Suma Cum Laude from a top MBA program and currently is a Human Resources and Management consultant, helping companies know how employees will behave in varying situations and what motivates them to action, assisting firms in identifying top talent, and coaching managers and employees on how to better communicate and make the workplace MUCH more enjoyable. If you'd like help in these areas, contact Ron using the contact form at the top of this page or at 870-761-7881.

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