Ally Bank 2.80% APY 12-Month CD

Posted in CD Rates, Expired Deals by DealMaven
June 4, 2009 07:02 AM - 4 Comments

12 month CD rates

Yields on 12-month certificates of deposits are still going down, but not as quickly as they were last winter.

The average interest rate for these CDs has fallen to just 1.20%, a full point lower than they were this time last summer.

But that average was declining by more than a tenth-of-a-point a month in January and February, and less than a tenth-of-a-point a month since then.

The best nationally-available 12-month CDs are paying almost exactly what they were five weeks ago.

Ally Bank, formerly GMAC Bank, is paying 2.80% APY with no minimum deposit.

Corus Bank in Chicago is paying 2.63% APY with a $10,000 minimum deposit is available from

Click here to compare those returns with what dozens of other banks are paying on their best 12-month CDs.

Don't miss out on the next bank deal. Get the newest deals delivered straight to your inbox!

(1 votes, average: 5.00 out of 5)

Loading ...

4 Existing Comments

Add New Comment

BloggingBanks.com said:
on June 4th at 09:19 am

Wow, everyone is now touting Ally bank’s one year CD as the best CD rate nationwide. I wonder if all this publicity won’t backfire on ordinary savers at the bank.
Sam said:
on June 5th at 08:04 am

Be careful with Ally bank – by the time your money will reach the CD account at Ally the rate will be slashed.
BloggingBanks.com said:
on June 5th at 08:36 am

Well, if you already have opened CD’s there, it would take quicker for the money to arrive. And Ally bank does not cut its rates overnight – typically its fridays where rates are cut there..
Irene Farkas-Conn said:
on June 5th at 03:35 pm

My firewall does not allow Ally Bank site to go through while I had no problem with the other banks.