CDs

What Are the Best Certificates of Deposit to Have During Retirement?

Most retirees keep a good portion of their savings in a low-risk account where their principal and interest are safe, and bank certificates of deposit (CDs) are widely accepted as a good choice. But what are the best certificates of deposit to have during retirement? The answer depends on your personal needs and goals. Longer-term […]

CDs

Is a Longer Commitment Worth Potentially Better Certificate of Deposit Rates?

While it's true that longer-term certificate of deposit rates tend to beat shorter-term rates, it's also true that there's a tradeoff for that higher annual percentage yield (APY)—you usually can't access your money until maturity, unless you're willing to pay an early-withdrawal penalty. For that reason, the comparison process for certificate of deposit rates and […]

CDs

Beyond CD Interest Rates: What to Look For

If you're putting money into a certificate of deposit (CD), it's natural that you'd like to see your savings grow as quickly as possible. That makes it easy to focus exclusively on the interest rate—more specifically, the annual percentage yield (APY)—that most financial institutions advertise prominently. CD interest rates do matter, but they aren't the […]

CDs

Can Your CD Interest Calculator Do This?

At Ally Bank, we know how important it is to make your money work as hard as possible. That's why we offer such a wide range of certificates of deposit, or CDs.Not only do we offer rates that are consistently among the most competitive in the country, we make it easier for you to choose […]

CDs

Quick Take: Plan for a Rainy Day

When you're planning to build up a fund for emergencies, unexpected expenses or lean financial times, it's important to consider the best way to save. You may decide to place your money into a certificate of deposit (CD), savings account or another type of savings product. Your first savings goal should be to have emergency […]

CDs

How CDs Compare to Investments

Saving with CD accounts can be a great way to reach your savings goals, but how do CD accounts compare to investments? An investment involves risking money in order to earn profits. An investment may earn a small return, a large return or no return at all, depending on how the investment performs. Investing comes […]

CDs

Three Things to Know Before You Buy Certificate of Deposit Accounts

When exploring your savings options, you may be looking beyond regular savings accounts and considering a certificate of deposit. It's common for people to see the process as setting out to “buy” certificate of deposit (CD) accounts at a bank, but others see it as simply depositing money since these days you don't receive an […]

CDs

Growing Your Money in Retirement

One of the safest ways to save money at any age is to put it in a certificate of deposit (CD). The benefits of CDs for elderly parents are the same as they are for teens and adults, perhaps even better. After all, elderly parents usually have more to save after a lifetime earning money. […]

CDs

What Do Retirees Think the Best CD Accounts Have in Common?

Most retirees agree that the safety of their principal is an important consideration for at least a portion of their savings. Certificates of deposit (CDs) certainly meet that criteria—but which are the best CD accounts for retiree's needs? Safety. The safety of your deposit is one of the key attractions of CDs. For that reason, […]

CDs

Learn About FDIC Insurance Limits

For obvious reasons, people care about the safety of their money, whether it's deposited in a bank, credit union or elsewhere. You probably know that most checking and savings accounts are backed by deposit insurance from the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Administration (NCUA), but what about a certificate of […]

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