Choosing a Bank CD

Are CDs Safe?

September 2012

Are CDs Safe?

For understandable reasons, people want to know, "Are CDs safe?" In fact, CDs are among the safest ways to save money with a bank. The reason is simple: customer's bank CDs, like any other customer bank account, are FDIC-insured up to the maximum allowed by law.

Plus, you're more likely to earn a better interest rate on a CD with an online bank. Ally Bank, for example, offers competitive rates, and you can even use our website to compare our rates with those of our major competitors.

So, the essential question isn't really "Are CDs safe?" as much as it is, "Which bank should I choose?" In part, of course, you want the bank with the best rate, but it's also important to make sure you know what you're getting. Look beyond the annual percentage yield (APY) and learn more about the bank itself. Make sure its customer service is easy to access and that managing and tracking your money is as easy as possible.

At Ally Bank, for example, we designed our website to make money management easy and hassle-free, and if you need to talk to someone, you'll enjoy live 24/7 customer service over the phone or via chat and. Feel free to contact us by email as well..

So, there's no need to wonder, "Are CDs safe?" You bet they are! Take a look at the line of CDs from Ally Bank and start growing your money today. Learn more at allybank.com or call live, 24/7 customer service at 877-247-ALLY (2559).

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