Website: http://www.ally.com

Authority: Ally Bank is an online bank in the United States and is a subsidiary of Ally Financial, a global financial services provider including automotive financing. Historically dating back to 1919 was known as GMAC before rebranding in 2009. It is also regulated by  the (FDIC) and the Utah Department of Financial Institutions.

How to open an Ally Bank Certificate of Deposit:

- New customers and existing customers can open an account on their website allybank.com.

- You can call Ally Bank on 1-877-247-ALLY(2559) who have representatives who you can ask any questions and assist you on opening up an account.

What information you may require when applying online to open a US Ally Bank CD Account:

The Ally Bank website indicates to open an account the following minimum requirements may include that a US person may be required to be 18 years old, have a U.S mailing address as well as a valid Social Security number for the account owner.

Information to consider when for Ally Bank 1 Year CD Rates:

Ally Bank like commercial banks offers a variety of savings products including certificates of deposit. It offers various maturity options to its customers and applications for this product are offered online. 

Please note that Ally Financial, the parent of Ally Bank is a provider of automotive financing services, when funding these lending services, it may rely on funding that can include bank deposit funding from Ally Bank. Retail Deposits can provide a low-cost and stable source of funds which can be less volatile than financial markets or interest rates. These funds can be used to fund loan and asset growth.

So when determining one year cd rates, Ally Bank will consider a number of factors including the current and future fed fund rates set by the Federal Reserve. It may also be impacted by regulations, competition for deposits, liquidity as well as funding costs. 

The interest rate for the cd product 'high yield cd' is for a 1 Year Term which requires no minimum deposit to open.