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

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

Keeping Up With Bank CD Rates

One of the key benefits of a traditional bank certificate of deposit (CD) is that in general, it offers a fixed rate that won't fluctuate over the life of the CD. In other words, you'll almost always know exactly what you will get when the CD matures, and you can plan accordingly. While the rate […]

CDs

Bank Certificate of Deposit (CD) Rates: Do They Match Your Goals?

Even when bank certificate of deposit (CD) interest rates are low, CDs can still play an important role in your financial portfolio—especially when there's high volatility in the stock and bond markets. "When funding a CD—or any financial vehicle—the most important question to ask yourself is what your goal is," says Chris Zeches, a Certified […]

CDs

What to Do When CD Rates Fall

Wondering what to do with savings you've earmarked for certificates of deposit (CDs)? It's understandable that some people are eyeing longer-term FDIC-member bank certificate of deposit rates as a way to help balance against risk. But if one of your CDs is close to maturing, it might make sense to rethink your strategy a little, […]