CDs, or certificates of deposit, are among the safest ways to save money with a bank. The reason is simple: a CD, like any other bank account, is FDIC-insured up to the maximum allowed by law.

Plus, you're more likely to earn a higher interest rate on a CD than a savings account. Be sure to check the CD rates of online banks. Ally Bank, for example, offers some of the most competitive rates available.

So, the essential question isn't really "Are CDs safe?" as much as it is, "Which bank should I choose?" In part, of course, you want the bank with the best rate, but it's also important to make sure you know what you're really getting. Look beyond the annual percentage yield (APY) and learn more about the bank itself. Make sure its customer service is easy to access and that managing and tracking your money is as simple as possible.

At Ally Bank, for example, money management is easy and hassle-free, and you'll enjoy 24/7 customer service by phone, chat or email.

Take a look at the line of CDs from Ally Bank and start growing your money today. Learn more at or call live, 24/7 customer service at 877-247-ALLY (2559).

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