MYSB Direct CDs offer competitive interest rates. Their rates are competitive with other online CDs. They are much higher than the typical bank rates. Even the shorter-term CDs offer competitive interest rates. Those rates are very competitive with short-term online CDs.

There are a good variety of CD terms available through MYSB Direct. The terms range from three months to 72-months. Between these terms, there are a total of nine different CDs. MYSB Direct CDs are entirely online CDs.

You can open each of the MYSB Direct CD terms entirely online. These CDs range in terms from three-months to 72-month terms. The application is available on the M.Y. Safra Bank website.

The opening required amounts for MYSB Direct CDs are low. The MYSB Direct accounts require either $500, $750, or $1,000 to open. The required opening balances vary depending on the CD term.

The MYSB Direct CDs offer competitive interest rates on their terms. But there is not an interest rate guarantee. If the interest rates increase shortly after you open your CD, your rates will not increase. MYSB Direct guarantees rates for the life of the CD term.

MYSB Direct is an online division of M.Y. Safra Bank. These accounts are entirely online. Customer service for these accounts is not available 24/7. Reach customer service through email, phone, mail, or their branch location in New York. Customer service hours are Monday-Friday from 9 a.m. to 4 p.m. EST.

To deposit money into MYSB Direct CDs, you must link an account. The account can be another M.Y. Safra account or an external account. Because MYSB Direct accounts are entirely online, electronic transfers are necessary.

You cannot add money to your MYSB Direct accounts after the initial deposit. Once you open the CD, you must wait until it reaches maturity to add money to the CD. The opening required amounts for the MYSB Direct CDs is $500, $750, or $1,000 depending on the term.

Read the full My Safra Bank FSB review.

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.