How to Save Money: Grow Your Money in CDs
You know saving is important, and you know you want your savings to earn a great rate. So, where do you start? You may want to check out certificates of deposit (CDs). CDs are a common way to keep your principal safe while earning interest—sometimes at a higher rate than money market or savings accounts. […]
Earning a Reasonable Interest Rate – Savings Ins and Outs (Part 2)
The truth is, there's no need to settle for a meager annual percentage yield (APY) when it comes to savings. You can look beyond traditional banks to find rates that will put your savings to work for you. The case for savings. A savings account keeps your money at your disposal to withdraw when you […]
Planning Ahead With a CD Interest Calculator
Two of the advantages of a certificate of deposit (CD) are its predictability and its reliability. When you put money into a CD, you generally know what you will get back at the end of its term (provided you don't withdraw the balance early).But to fully understand what happens to your money, you need to […]
Keep This in Mind When Comparing CDs
What should you consider when you do a certificate of deposit comparison? Certificates of Deposit (CDs) are a fairly straightforward way to save money, but there still are a few things to keep in mind when shopping for one. For example, if you come across a CD that is offering a dramatically higher interest rate, […]
What a CD Calculator Can Tell You About Your Savings
You don't have to be a math genius to figure out how fast your money will grow in a given certificate of deposit (CD.) All you need is a good CD calculator. The Ally Bank CD calculator makes it easy for you to not just calculate growth, but also visualize the growth of your savings, […]
Certificate of Deposit (CD) Comparison: Reliable Sources and Tips
When you're considering a certificate of deposit (CD), there are a number of options, and it's important to shop around to find the right fit for your financial needs. Fortunately with a little online research, you can quickly find a variety of banks offering CDs and you can check out their websites to compare their […]
Use a CD Interest Calculator to Pick the Right CD for You
So you've accumulated some savings, and you're ready to open a certificate of deposit (CD.) Which kind of CD is best for you? That all depends on your savings goals. A website like Bankrate.com can help you compare the rates and terms offered by several banks, and a CD interest calculator can help you figure […]
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 […]
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 […]
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 […]
