Renew Your Ally CD for an Additional Interest Rate Boost

ally If you’ve read through my devotion to Ally Bank CDs, you might have seen me mention about Ally Bank’s loyalty reward. I think they’ve finally posted up some official terms online. You can read it here.

Basically, if you renew any of your maturing Ally Bank CD, they’ll offer you an additional 0.25% interest rate boost to whatever is the current interest rate of a new CD.  So for example, if you have a 1 year CD maturing on Dec 1, you can roll the CD into another 1 year CD at 0.98%+0.25%=1.23% interest rate. That’s probably one of the few higher CD interest rates out there already.

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