Get the Facts Before Changing Your CD Strategies

A certificate of deposit (CD) can be a good basic savings product. CDs usually offer higher rates than money market or savings accounts. And because you may be charged a penalty if you withdraw funds before a CD matures, there is an added incentive to leave the deposit where it is and allow your funds […]


Opening a Certificate of Deposit Account 101

A certificate of deposit, commonly referred to as a CD, is an interest-bearing deposit account offered by banks and credit unions. Unlike a variable-rate savings account where the interest rate may fluctuate, most CDs offer a fixed annual percentage yield (APY). The APY on a CD can be higher than a savings account. When you […]


Make Buying a CD Worry-Free With a Certificate of Deposit Calculator

Use a CD calculator to determine earnings.Choosing the right certificate of deposit (CD) doesn't have to be complicated. Using a certificate of deposit calculator can simplify the process. A CD calculator allows you to accurately compare CDs of varying interest rates and varying terms. With only a few keystrokes, you can input basic information and […]


Choosing Between CDs, Savings Accounts or Checking Accounts

When you know you have a specific time period in which you won't need access to your savings, you may want to put some of it into a certificate of deposit (CD). As a general rule, CDs often pay a higher interest rate than money market, savings and interest checking accounts. But this advantage comes […]


CD Withdrawal Penalty

When you open a CD, you agree that you will not withdraw the funds until the maturity date, which varies from a few months to several years after you open the account, depending on the term you choose. If you decide to withdraw the money before the term is up (maturity), you may have to […]


Are There Any Drawbacks to Certificates of Deposit?

Saving money for the future is always a good idea, but there are some things you should consider before opening a certificate of deposit (CD). A CD from an FDIC-member bank like Ally Bank is one of the best ways to save money for the future. Your money is insured up to the maximum allowed […]


3 Ways to Enhance Your Search for CDs Online

Once you've decided to start growing your savings with certificates of deposit (CDs), the next step is to find a financial institution that offers great CD rates, along with outstanding service. You might naturally start with your bank or credit union. But you should also keep in mind that you don't have to visit a […]

Online Banking

E-banking Is Checking & Savings Made Easy

Online banking is a more common way of referring to ebanking, but both terms refer to secure, convenient banking that's designed to give you access to your accounts wherever and whenever you choose. Online banks often can offer better rates than their brick-and mortar counterparts because they don't have the costs associated with maintaining traditional […]


Cash Is King Still

Put aside cash for emergencies and more. It almost always makes sense to keep some cash reserves in a savings account, a certificate of deposit (CD) or a money market account. Not only might this give you the money you need to face an emergency—like an unexpected job loss or medical expenses—but it also may […]


Advantages of Managing Your Checking Account Online

While nearly every bank gives you some form of online access, not all of them can give you the advantages of being an online bank. Online banks generally have higher interest rates than traditional banks, and the reality is, they often provide a better online banking experience because “online” is all they do. With an […]