Should I Choose CDs or Bonds?

As savings tools, certificates of deposit (CDs) and bonds offer different benefits. Knowing the differences can help you choose the account that best meets your financial needs. CDsA CD is a time deposit. When you open a CD, you agree that you will not withdraw the funds until the maturity date, which varies from a […]


What You Should Know Before You Compare CD Rates

Many people find that certificates of deposit, or CDs, can be a good way to reach their financial goals. CDs are generally considered low-risk places to park your money, and they usually earn interest at higher rate than savings accounts.Before opening a CD, it's a good idea to compare CD rates. After all, the higher […]


Certificate of Deposit Ladder

Since it's generally true that long-term certificates of deposit (CDs) earn the highest interest rates, CDs can be a powerful way to save money, but life's unpredictability can sometimes leave you wondering if you can afford to be without ready access to your CD balance until it matures. That's where CD laddering can help. With […]


Factors to Consider When You Compare CDs

Certificates of deposit (CDs) can be a great way to save for the future. When you compare CDs, you should determine how much you want to deposit and how long you want to commit that deposit to a CD. Those two factors can help you compare CD rates accurately. It's important to be aware that […]


Why Certificates of Deposit (CDs) Make Good Investing Sense

Certificates of deposit (CDs) are considered some of the most powerful financial tools out there. They're low-risk, long- or short-term products that offer interest rates that can help you reach your financial goals. These qualities have made them a key component in retirees' financial portfolios. “I call [CDs] financial insurance,” explains Rick Kahler of the […]


Can a Novice Follow a CD Ladder Strategy?

Learning how to build a CD ladder is a great step for anyone looking to get more out of their savings. And even if you’re new to financial planning, you can keep your CD ladder simple and organized by following a few easy tips. CD laddering is a strategy in which you open multiple certificates […]


Understanding CDs

Certificates of deposit (CDs) like the ones offered by Ally Bank are savings tools that allow you to earn interest on your money over a given period of time. 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 […]

Savings Accounts

Online Bank Accounts Make Accessing Your Money Easy

Online banking has become very popular for many reasons, but mainly for the convenient access and no-hassle account management. Using online banking, you can check your accounts anywhere, any time there is an Internet connection. You can easily access your money to transfer funds online, and with some online banks —including Ally Bank—you can speak […]


Online Bank Accounts

Great rates and convenience are just a couple of reasons you may want to look into opening an online bank account. At Ally Bank, you can open an interest checking or savings account online in just a few minutes. Just choose the type of account you want to open, fill out some personal information, then […]


Make Your CD Savings More Secure

Combining long- and short-term Certificates of Deposit (CDs) is known as CD laddering. For example, rather than put $40,000 into a four-year CD, you might put $10,000 into four separate CDs—a one-year, an eighteen-month, a three-year and a four-year. When the first CD matures, you reinvest it in a four-year CD, repeating the process with […]

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