Ally Bank announced an increase in their High Yield Certificate of Deposit (CD) rates, effective February 18, 2011. CD terms include 3 months, 6 months, 9 months, 12 months, 18 months, 3 year, 4 year, and 5 year terms. If you fund your account within 10 days of opening your account you will receive their 10 Day Best Rate Guarantee which means that you will earn the highest rate they offer. At Ally Bank there is no minimum to open an account and no monthly fees. Ally Bank was named the Best Savings Account by MONEY Magazine, ©Time Inc. May 2010 and also named one of the best No fees, No strings checking accounts by Kiplinger's Personal Finance, December, 2010. To view Ally Bank's current rates, visit ManagingMoney.com Certificates of Deposit. Ally Bank's history began in 1919 when it was known as General Motors Acceptance Corporation (GMAC) and was a provider of financing to automotive customers. In 2010 the company was renamed Ally Financial Inc. Ally Financial Inc. is a FDIC-insured institution (NYSE:GJM).