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Best CD Rates August 2024 - 9.5% 5-Month CDThe Ally Bank Raise Your Rate CD, available for either two- or four-year terms, allows customers to increase their initial CD rate (% APY). When you open a High Yield CD, the rate you receive upon opening is fixed. Ally High Yield CDs pay % to % APY (Annual Percentage Yield). What are the current rates on Ally Bank CDs? You can view our current rates in online banking by choosing Accounts and then selecting Explore Products and.