CDs

Should I Choose CDs or Bonds?

As savings tools, certificates of deposit (CDs) and bonds offer different benefits. Knowing the differences can help you choose the account that best meets your financial needs. CDsA CD is a time deposit. When you open a CD, you agree that you will not withdraw the funds until the maturity date, which varies from a […]

CDs

Choosing Between CDs, Savings Accounts or Checking Accounts

When you know you have a specific time period in which you won't need access to your savings, you may want to put some of it into a certificate of deposit (CD). As a general rule, CDs often pay a higher interest rate than money market, savings and interest checking accounts. But this advantage comes […]

CDs

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 […]

CDs

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 […]

CDs

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 […]

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 […]