CDs

Give Your Returns a Boost: How to Build a CD Ladder With the Ally Bank CD Ladder Tool

Laddering CDs (certificates of deposit) might sound complicated, but it’s a pretty simple way to help your savings work harder for you. With a CD ladder, you can take advantage of the higher rates generally offered by long-term CDs and still maintain regular access to your money. The basic idea is to open several CDs […]

CDs

What Is a CD? Everything You Ever Wanted to Know About Certificates of Deposit

Do you have the feeling you could be doing a little bit more with the money in your savings account? If you like the security of having money in the bank—safely earning interest—but want to expand your savings skill set, you’ve come to the right place. Certificates of deposit (CDs) can be great for building […]

IRA

3 Steps to a Retirement Savings Upgrade. Here’s How You Can Open an IRA.

You wouldn’t turn down an opportunity to move from coach to first class, would you? Both seats do the basic job, of course, but you’d probably choose to enjoy a little more comfort while you’re there. After all, an upgrade’s an upgrade. And an individual retirement account (IRA) just might do the same for your […]

Online Banking

You Use Online Reviews for Everything. So Why Not for the Best Place to Keep Your Money?

You’ll quiz friends, family, and social media followers about whether the new iPhone is worth it. And you’ll deal with a grumbling stomach while scrolling through Yelp reviews in order to find the best burrito, Chinese takeout, or BBQ. But when it comes to choosing where to store your cold, hard cash, those investigative skills […]

IRA

Which IRA Is Right for You?

Some decisions don’t matter in the grand scheme of things. Choosing chocolate or vanilla (or double-fudge mint brownie supreme) will mainly affect your tastebuds, after all. Others require a bit more thinking, especially when it comes to your finances—and retirement plan. Any time Uncle Sam offers to give you a break on your taxes, you […]

CDs

Finding the Perfect Fit: Which CD Is Right for You?

Certificates of deposit (CDs) used to be one-size-fits-all. (Has that ever worked out?) Times have changed—now you can find different types of CDs with a variety of terms tailored to your personal savings goals. Here’s how to know which CD to get to help you create your own unique savings strategy. Get a handle on […]

CDs

One-year CD vs. Savings: What’s Best for Your Short-term Money Goals?

A lot can happen in a year—besides just getting another year older. Your savings balance can grow significantly in 12 months if it’s in the right place at the right time. Certificates of deposit (CDs) and savings accounts are great options for short-term saving, but what’s best for you depends on your goals, the kind […]

CDs

3 Sweet Things to Know About Our No Penalty CD

Do you want to eat your cake and have it, too? Well, maybe you can—at least when it comes to savings options. If you like the fixed-rate security of certificates of deposit (CDs), but you’re worried about things like early withdrawal penalties or minimum deposit requirements, look no further. At Ally Bank, we’re used to […]

Online Banking

What Compound Interest Means for Your Savings

Remember that old movie line, “I wish I had a dime for every dime I had”? Whether you’re adding money to a high-yield savings account or socking it away in a certificate of deposit (CD), you want it to grow. That’s where compound interest comes in. It’s a simple—yet powerful—tool for making your dollars and […]

Savings Accounts

Swipe Right for Your Savings Account Match

When you’re looking for a match on a dating website or app, you have a general idea of your type. Think: funny, kind, a love of adventure… But can you say the same when shopping around for a savings account? Savings accounts are one of the more popular types of bank accounts around. More than […]

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