CDs

Consider Consistent Performers When Looking at CD Interest Rates

If you're looking for a safe and predictable place to put your savings, it might make sense to look at certificates of deposit (CDs) with no minimum opening deposit. Great rates and predictable earnings CD interest rates generally are higher than those of savings or money market accounts. In addition, CD interest rates generally don't […]

CDs

How a Certificate of Deposit (CD) Account Helps You Save Money

You may hear certificates of deposit, or CDs, referred to as “CD savings accounts,” even though that's not quite accurate. CDs and savings accounts are two different kinds of savings accounts. Regardless of what you call them, CDs have long been a solid way to save money and they can play an important role in […]

CDs

Things to Consider When You Compare Bank CD Rates

When you compare bank certificate of deposit (CD) rates, you want to be sure not to overlook anything. In addition to interest rates, be sure to take into consideration other key items, like fees, terms and cash flow. Avoid broker fees.Brokers traditionally charge a fee to do rate shopping, research and renewals for you. However, […]

CDs

Bank Reviews

At Ally Bank, we're a different kind of bank. As an online bank, we often can offer better rates than traditional brick-and-mortar banks. Plus, you can bank any time from just about anywhere. We offer a wide variety of savings products, from certificates of deposit (CDs) to money market and interest-bearing checking accounts, along with […]

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

CD Maturity

Certificates of deposit (CDs) mature when their terms end. You'll often hear of a CD coming due, which simply means the term has ended. The length of time the CD accrues interest is the term, and CD term lengths vary from a few months to several years. Interest rates vary on different types of CDs. […]

CDs

Get More of Your Retirement Time Back: Compare CD Rates Online

There's never been a better time to compare certificate of deposit (CD) rates online. The variety of information and tools available make it easy to access and compare the most current rates from banks around the country. Customize your search.Bankrate.com is an excellent place to compare CD rates online. The site's customizable search engine allows […]

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

Certificates of Deposit Maturity Date

When you open a certificate of deposit (CD), the bank lends the money out to earn interest. The bank pays you interest for the use of your funds. Generally, the longer you're willing to leave money in a certificate of deposit, the better the annual percentage yield (APY) you're likely to get. At the end […]