The new rate for both accounts is now 1.44% APY (was 1.49%). The 2-year bump-up CD rate has also fallen. It's now 2.05% APY (was 2.09%). Refer to my Ally Bank review for the rate histories.
Ally Bank's 5-year CD rate is still 3.15% APY. Remember that the early withdrawal penalty is only 60 days of interest (see post).
Hat tip to reader for reporting this in the Open Discussion Thread.
Anonymous - #1, Wednesday, February 10, 2010 - 8:19 PM CT
I have a CD maturing in a couple weeks and just got a call from Ally offering a .5% interest rate bump if I renewed--I was able to select any term to add it too as well. This, combined with the small 60-day early withdrawal penalty turns into a pretty good deal. So folks who have CDs renewing soon may want to ask for the .5% bump, but who knows, perhaps they're targeting it to specific customers...
KenBDG - #2, Saturday, February 13, 2010 - 12:30 PM CT
Thanks for the info. Glad to read they're still offering the 0.50% interest rate bump. That along with the 60-day early withdrawal penalty makes for a great deal.
