Business Insider's personal finance team compared Ally Bank CD rates to the best CD rates and found them to be above average. Ally Bank (Member FDIC) is known for operating entirely online.

If you’d like to open more than one account with Ally, you can reuse the same application. You can open a savings account, money market, CD account or checking account simultaneously.

Commissions do not affect our editors' opinions or evaluations. Ally Bank offers seven CD terms, ranging from three months to 60 months. The bank’s CDs tend to be competitive among online banks.

Ally Bank is one of the most well-known online banks, and it has an impressive selection of CDs. What’s especially attractive is that its most competitive CD rate offers usually don’t require ...