All Ally high yield CDs do not have a required amount to open the account. You can open each of the CDs with any amount. The Raise Your Rate CDs and the No Penalty CD do not have a set amount required to open.

Ally CDs offer competitive interest rates. The rates are competitive with other online CD accounts. The interest rates for Ally CDs are much higher than typical bank rates.

There are a wide variety of CDs offered through Ally. They offer seven high yield CDs. Those terms range from three months to five years. Ally offers a Raise Your Rate CD. These CDs are available in two-year and four-year terms. They also offer a No Penalty CD. This CD is an eleven-month term.

Ally offers a Ten-Day Best Rate Guarantee for each of the different CDs. When you open your CD, you have ten days. If interest rates go up within that time, so does your interest rate for the CD. The best rate guarantee is also available when you are renewing your CD.

The No Penalty CD has high opening amounts to earn the most competitive rates. Balances under $5,000 earn the lowest rates. To earn the most competitive rate for the CD requires a minimum opening balance of $25,000. Balances over $5,000 but less than $25,000 receive an interest rate between the two rates.

Interest earned from Ally CDs is generally credited annually. If your CD is a one-year term or less, they credit your interest at the CD maturity. If your CD term is longer than one year, they credit your interest at your CD terms year-end. You can make some changes to your CDs through the Ally website.

Some Ally CD accounts have tiered interest rates. To earn the most competitive interest rate for your account requires a balance of $25,000. There is not a required amount to open these CDs, but the higher the account balance, the higher the rate you earn.

The Ally No Penalty CD allows you to withdraw your money anytime after the first six days. You cannot make a partial withdrawal of the funds. If you are going to withdraw the money, you must withdraw the entire CD balance.

Read the full Ally Bank review.

There is a good variety of CD terms available through Bangor Savings Bank. The terms range from three-months to 60-months. There are a total of nine different CD terms offered through Bangor Savings Bank.

Bangor Savings Bank CDs offer competitive interest rates. The rates are competitive with other online CDs. Bangor Savings Bank CDs interest rates are slightly lower than other online CD terms. These CD rates are much higher than typical bank rates. Even the short-term CDs offer competitive interest rates.

The opening required amount is the same for each CD term. Each Bangor Savings Bank requires $500 to open. You must keep this balance in your CD to earn the competitive interest rates on these CDs.

There are a number of ways to contact customer service with Bangor Savings Bank. They have branch locations in Maine and New Hampshire. They offer live chat, email, mail, and phone options to contact customer service. You can also follow Bangor Savings Bank on Facebook, Twitter, LinkedIn, and Twitter.

You cannot open any of the Bangor Savings Bank CD accounts online. To open a CD with this bank you must visit a local branch location. Bangor Savings Bank has over 50 branch locations in Maine and New Hampshire.

The CDs available through Bangor Savings Bank have tiered interest rates. To earn the most competitive interest rates you must be a Benefits Plus Customer. To be a Benefits Plus Member you must meet certain requirements. Talk to customer service about those requirements when you open your CD.

If you withdraw money before your CD reaches the maturity date, Bangor charges a penalty. The penalty for most of the CD terms ends up being half of the earned interest of the CD term. For CDs with a term length of 12-months, the penalty is six-months of interest. For 36-month CDs, the penalty is 18-months of interest. The 48-month and 60-month CDs both have the penalty of 24-months of interest.

Bangor Savings Bank does not offer an interest rate guarantee. The interest rate you earn for the life of the CD term is the rate on the day you open the CD. If the rates increase shortly after you open your CD, your interest rate will not increase.

Read the full Bangor Savings Bank review.