For obvious reasons, people care about the safety of their money, whether it's deposited in a bank, credit union or elsewhere. You probably know that most checking and savings accounts are backed by deposit insurance from the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Administration (NCUA), but what about a certificate of deposit? And is it easy to open CDs online?The answer to both questions is "yes."

CDs are insured by the FDIC up to the maximum allowed by law when you deposit money with an FDIC-member bank such as Ally Bank. FDIC insurance limits are based on the total of all insured deposits at a given financial institution, including CDs, checking and savings accounts, and so on for a single depositor. As part of optimizing the cash portion of your overall financial portfolio, it may help to learn about FDIC insurance limits, especially if your goal is to maximize your FDIC insurance.

Opening a CD online is easy at Ally Bank. And because we're committed to online banking security, you can count on us to make the process safe, too. All deposits at Ally Bank are FDIC-insured up to the maximum allowed by law. And because we're an online bank, our lower overhead costs mean we can give you great CD interest rates. In fact, our rates are consistently among the most competitive in the country according to

With a range of CD products to choose from, you're sure to find an Ally Bank CD that will help you reach your savings goals. Learn more at or call live, 24/7 customer care at 877-247-ALLY (2559) today.

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