Ally Bank is offering an initial rate of 1.99% APY on its 48 month bump-up CD. With this certificate of deposit, you can raise the rate twice in the term.
The bank is owned by an auto loan company formerly called GMAC Financial. Another rate that you can earn at Ally Bank is 1.44% APY on 24 month CDs. This too is a bump-up CD; however, it only allows you to raise the rate once in the term.
