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 […]

CDs

What You Should Know Before You Compare CD Rates

Many people find that certificates of deposit, or CDs, can be a good way to reach their financial goals. CDs are generally considered low-risk places to park your money, and they usually earn interest at higher rate than savings accounts.Before opening a CD, it's a good idea to compare CD rates. After all, the higher […]

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

CD Management: What to Keep in Mind

To a large extent, certificate of deposit (CD) management begins by determining first, what your goals are, and second, how long you can afford to put the money away. In general, CDs are used when you don't want to put your money at risk and you don't need to use it in the immediate future. […]