Ally Bank CDs – 2 Year Bump Up CD
There is a special feature in one of the Ally Bank CDs. 2 year Bump Up CD is one of the high-yield CDs of this bank that dates back since 1919. This bank, which has its foundation from the GMAC Financial Services understand that these hard times demand change and a new way of doing business.
Ally Bank offers maximized savings with their highest fixed rates for a fixed term. There is no minimum deposit to open an account like most banks, and there are no monthly fees. When you fund your CD within 10 days of opening or renewing your Ally account, you automatically get the best rate they offer during that time period. This is the Ally Ten Day Best Rate Guarantee.
With the high yield 2 year Bump Up CD, you have the flexibility to raise your rate once. If you see that your 2 year CD has gone up during your term, all you need to do is give them a call and request for the better rate for the remainder of your term with no cost to you and no strings attached. Currently, the 2 year Bump Up CD has an interest rate of 2.08% with an APY of 2.10%. Other high yield CD terms are also available.
There is a daily compounded interest so your money grows faster. Instead of just paying you interest on your initial deposit, Ally Bank also pays you interest on the interest you earn. This is called compounding interest.
These Ally Bank CD rates were posted on 01/29/2010 and are subject to change without notice. Visit All Bank online for more details on Ally Bank CDs – 2 year Bump Up CD.
Related posts:
- Ally Bank Certificate Of Deposit Rates
- Ally Bank Small Penalty Certificate of Deposit (CD)
- Ally Renewal CD Rates
- Ally Bank High Yield CDs
- Highest CD Rates – Ally Bank
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