CDs

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 […]

CDs

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 […]

CDs

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 […]

CDs

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 […]

CDs

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 […]

CDs

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 […]

CDs

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 […]

CDs

Why CDs?

As part of an overall savings plan, certificates of deposit (CDs) can be the foundation of a low-risk strategy to reach both long- and short-term goals. Simply put, CDs are savings products, not investments, although they can help you build your net worth. Sometimes people will refer to "CD returns" as a way to describe […]

CDs

3 Certificate of Deposit (CD) Terms You Should Know

Certificates of deposit (CDs) can be an important part of a solid financial portfolio, and understanding how CDs work is essential to making the most of your money. Take a look at the following terms associated with CDs. 1. Maturity Date. The maturity date is the date the term of your CD ends and you […]