Moving into the Security of Certificates
of Deposit (CDs)

Reach Your Financial Goals

September 2012

Stocks, mutual funds and 401(k) accounts are great ways to save for your long-term financial goals. But as your future plans inch increasingly closer, Certificates of Deposit (CDs) can provide a secure place, away from market fluctuations, to hold money for a specific purpose that will be used at a specific time.

For example, when your child becomes a junior or senior in high school, you may wish to move his or her college savings fund out of mutual funds and into a CD. This will allow you to continue to grow the money you've saved, yet protect the funds from losing ground in the stock market.

Other life events that may require you to meet certain financial goals, like a wedding, buying a home, or a once-in-a-lifetime vacation, also lend themselves to CDs. That's because they provide a safe place for the money to grow, yet periodically offer access to the funds as prescribed by the terms of the CD. You can even get a No Penalty CD from Ally, which allows you anytime access to your college savings, vacation savings or wedding fund, without incurring a penalty anytime after the first six days following the date you fund your account.

If you're unsure whether a CD is the right tool to help you meet your financial goals, ask yourself these questions: "Do I know when I'll need the money?" and "How much of my savings can I afford to lose?"

If your answers are "yes" and "none" a CD may be the right savings option for you.

Ally provides CDs with a wide range of benefits. Just a few of the options that can help you meet your financial goals include:

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