7-Month Select CD at 4% APY

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.

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

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.

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

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

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.