USAA provides a good variety of CD terms. The terms range from three-months to seven-years. They offer fixed-rate CDs, jumbo and super jumbo CDs, and variable-rate CD terms. Each of these types of CDs offers different term lengths.

The standard fixed-rate CDs have low opening required amounts. Each of those CD terms requires $1,000 to open and earn interest. The standard CD terms range from 91-days to seven years. The variable-rate CDs only require $250 to open.

The USAA standard fixed-rate CDs offer competitive interest rates. The rates are competitive with other online CDs. They are much higher than the typical bank rates. These CD interest rates are not tiered. Any amount above the required opening amount earns competitive rates.

Everything for your USAA accounts can be done online. You can apply to become a member online. Once you are approved, you can open their CDs and other accounts online. They also offer a mobile app.

The jumbo and super jumbo CDs with USAA have high opening required amounts. The jumbo CDs require $95,000 to open. Super jumbo CDs require $175,000 to open. Standard CDs require $1,000 to open.

To transfer money electronically into your USAA CD, you must link another account. This linked account can be an external account or another account with USAA. Once the account is verified, you can transfer money electronically.

To open accounts with USAA, you must first become a member of the bank. Those who are eligible to join include active military and former military members. Eligible family members of those serving, cadets, and midshipmen are also able to join.

USAA CDs offer competitive rates, but not an interest rate guarantee. If the interest rates increase shortly after you open your CD, your USAA rates will not increase. Each of the CD terms offers competitive rates.

Read the full USAA 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.