CDs

Three Critical Criteria for Doing a Bank CD Rates Comparison

In some ways, there's never been a better time to open a certificate of deposit (CD) account. With Wall Street's turbulent ups and downs, a CD generally is considered a smart and secure way to save. CDs usually have fixed annual percentage yields (APYs) and are insured up to the maximum amount allowed by law […]

CDs

Where Does Ally Fit in a Bank CD Rates Comparison

Comparing certificate of deposit (CD) rates has become as easy as checking out one of the many financial websites that compile and list Annual Percentage Yields (APYs) from around the country. MyBankTracker, Bankrate.com, Bankaholic® and RatesORama.com are just some of the sites that offer bank CD rates comparisons, along with information on savings, checking and […]

CDs

Does It Matter If Your Bank CD Rates Aren’t the Highest?

It's the number that can usually be found in big type at the top of a banking website: Annual Percentage Yield (APY). APY represents your real rate of return over the year. And when you're researching bank certificate of deposit (CD) rates, there's no doubting its importance: All things being equal, you generally want the […]

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, […]

CDs

How Bank CDs May Fit Into Your Retirement Portfolio

You spend years saving for retirement. It's only natural that you would want to keep those assets safe. As long as security is a priority, bank certificates of deposit (CDs) can play a key part in your retirement portfolio. Many retirees want to have a varied, balanced retirement portfolio that includes not only stocks or […]

CDs

What’s a ‘No-Penalty’ CD?

With a traditional certificate of deposit (CD), you agree that you will not withdraw your initial deposit until the maturity date, which could be anywhere from a few months to several years after you open the account, depending on the term you choose. You can close a CD before the term ends, but you typically […]

CDs

Still the Surest Way to Grow My Money? A Look at Various Bank Rates: CDs

Although past performance is not necessarily an indicator of future performance, when you're comparing bank rates for certificates of deposit (CDs,) a little historical perspective can be quite useful. To avoid the hassle of constantly moving your money to chase higher CD rates, look for a bank that offers consistently competitive rates. Ally Bank Is […]

CDs

What Makes Ally Bank Certificates of Deposit (CDs) Different?

A bank certificate of deposit (CD) can be a smart way to save, because it offers a clearly defined return along with low risk. Even a quick look online will show that there are many banks to choose from when considering a CD—so how do Ally Bank CDs measure up? Because we are an online […]