What a CD Calculator Can Tell You About Your Savings

You don't have to be a math genius to figure out how fast your money will grow in a given certificate of deposit (CD.) All you need is a good CD calculator. The Ally Bank CD calculator makes it easy for you to not just calculate growth, but also visualize the growth of your savings, […]


Certificate of Deposit (CD) Comparison: Reliable Sources and Tips

When you're considering a certificate of deposit (CD), there are a number of options, and it's important to shop around to find the right fit for your financial needs. Fortunately with a little online research, you can quickly find a variety of banks offering CDs and you can check out their websites to compare their […]

Savings Accounts

Learn the Difference

It's important to know the difference between a money market account (MMA), which is a deposit account offered by banks, and a money market fund (MMF), which is an investment product offered by non-bank financial entities like brokers, mutual fund companies, and so on. A money market account like the one offered by Ally Bank […]


Use a CD Interest Calculator to Pick the Right CD for You

So you've accumulated some savings, and you're ready to open a certificate of deposit (CD.) Which kind of CD is best for you? That all depends on your savings goals. A website like can help you compare the rates and terms offered by several banks, and a CD interest calculator can help you figure […]

Savings Accounts

Savings Bonds or Money Market Accounts?

A few generations ago, U.S. Savings Bonds were a popular gift (not to mention a lesson in the virtue of saving) for children. Savings bonds still are a popular financial product and provide a good example of a low-risk, fixed-income investment. You receive a regular return, you can invest minimal amounts and you pay no […]


Planning Ahead With a CD Interest Calculator

Two of the advantages of a certificate of deposit (CD) are its predictability and its reliability. When you put money into a CD, you generally know what you will get back at the end of its term (provided you don't withdraw the balance early).But to fully understand what happens to your money, you need to […]


Keep This in Mind When Comparing CDs

What should you consider when you do a certificate of deposit comparison? Certificates of Deposit (CDs) are a fairly straightforward way to save money, but there still are a few things to keep in mind when shopping for one. For example, if you come across a CD that is offering a dramatically higher interest rate, […]


When to Try a CD Account

If you're looking for places to put your savings, you've probably come across a variety of products that potentially could meet your needs. A certificate of deposit (CD), savings account, or money market account each has the ability to be a saver's best friend. But how do you know which one is best for you? […]


Pros and Cons of Certificates of Deposit

Considering a certificate of deposit (CD)as a savings option? As with any financial decision, you should weigh the pros and cons of CDs before you open an account. A CD is an easy, sensible way of saving money and earning interest. You'll find CD products at banks or credit unions. Online banks often offer some […]


Solidify Your Financial Strength

A well-balanced financial portfolio should include a mix of savings options across various “asset classes.” This not only allows you to benefit from rising values and be protected against market downturns, but by allocating your savings among different classes, you can substantially reduce the worry that comes with investing in only one type of asset. […]