Question 1

Extra 0.05% loyalty reward when renewing a CD: Who can receive the loyalty reward?

Accepted Answer

Ally Bank customers who have a CD up for maturity and renew into the 7-Month Select CD.

Question 2

Extra 0.05% loyalty reward when renewing a CD: How do I renew into the 7-Month Select CD?

Accepted Answer

Go to the Manage CD page and select Change Terms.

Question 3

Extra 0.05% loyalty reward when renewing a CD: How much is the loyalty reward?

Accepted Answer

An extra 0.05% is added to your new interest rate.

Question 4

Extra 0.05% loyalty reward when renewing a CD: How long is the 7-Month Select CD promotion available?

Accepted Answer

The page says the promotional term is available through 03/23/27.

Question 5

Extra 0.05% loyalty reward when renewing a CD: What is the current APY?

Accepted Answer

The page lists a 4% APY on all balance tiers, accurate as of 11/02/2026, and says the APY is subject to change before the promotional term ends and upon renewal.

Question 6

7-Month Select CD at 4% APY: What APY does the 7-Month Select CD offer?

Accepted Answer

The page lists 4% APY on all balance tiers, accurate as of November 2, 2026. It says the APY may change before the promotional term ends and upon renewal; the APY is fixed for the CD term.

Question 7

7-Month Select CD at 4% APY: Is there a minimum balance to open the CD or earn the APY?

Accepted Answer

No. The page says there is no minimum balance to open or earn the APY.

Question 8

7-Month Select CD at 4% APY: Can I renew an existing Ally CD into this offer?

Accepted Answer

Yes. The page says to use Change Terms on the Manage CD page to renew into this CD. It also says an Ally Bank CD up for maturity may qualify for a loyalty reward of an extra 0.05% added to the new interest rate; it does not state further eligibility details.

Question 9

7-Month Select CD at 4% APY: What happens when the 7-month CD term ends?

Accepted Answer

The page says it automatically renews into a 6-Month High Yield CD.

Question 10

7-Month Select CD at 4% APY: Does an early withdrawal have a penalty?

Accepted Answer

Yes. The page says an early withdrawal penalty will apply, but does not specify the penalty amount or calculation.

Question 11

7-Month Select CD at 4% APY: What is the Ally Ten Day Best Rate Guarantee?

Accepted Answer

If you fund the CD on the day you open it or within the next 9 calendar days, the page says you will get the best rate Ally offers for your term and balance if its rate goes up within that time. The guarantee also applies at renewal.

Question 12

Ally Invest cash bonus up to $300: Who is eligible for this offer?

Accepted Answer

You must be a current active Ally Bank or Ally Auto customer directly invited by Ally, and must not currently have or have previously had an Ally Invest account.

Question 13

Ally Invest cash bonus up to $300: How much do I need to transfer, and what bonus can I earn?

Accepted Answer

Transfer at least $15,000 for a $200 bonus or at least $30,000 for a $300 bonus from an external, non-Ally account.

Question 14

Ally Invest cash bonus up to $300: Which accounts qualify, and how do I open one?

Accepted Answer

A Self-Directed Trading account or Robo Portfolio qualifies. Open it through the link on the offer page by December 31, 2026. IRAs, trust accounts, and Personal Advice accounts are not eligible.

Question 15

Ally Invest cash bonus up to $300: How soon must I transfer the assets, and can I make multiple transfers?

Accepted Answer

The required assets must be transferred within 30 days of opening the account. You can make multiple transfers, but all must occur within that 30-day period. Transfers from Ally Bank do not qualify.

Question 16

Ally Invest cash bonus up to $300: What must I do during the 180-day holding period?

Accepted Answer

Keep the account open and in good standing, and ensure net new assets do not fall below the applicable minimum. Market gains or losses and interest do not affect the net new asset total; outflows do.

Question 17

Ally Invest cash bonus up to $300: When will the bonus be paid?

Accepted Answer

If you meet all offer requirements, the bonus will be credited to the eligible account within 30 days after the holding period ends.

Ally offers

Extra 0.05% loyalty reward when renewing a CD

7-Month Select CD at 4% APY

Ally Invest cash bonus up to $300

Questions shoppers ask