CD Basics

Most banks—including Ally Bank—are members of the Federal Deposit Insurance Corporation (FDIC), so customer's certificates of deposit are FDIC insured up to the maximum amount allowed by law. It's rare that you'll find a bank that isn't a member of the FDIC, but not impossible, so before you deposit money, you should check to be […]


You’ve Saved for Your Vacation, So Enjoy It

You've planned your vacation for months, tirelessly looking for the perfect hotel, the cheapest airfare and the coolest stuff to do. Your vacation is important to you, so it's essential that you make sure you're going to have vacation savings to make it worth the time. That can be done with a prudent vacation savings […]


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 […]


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,, Bankaholic® and are just some of the sites that offer bank CD rates comparisons, along with information on savings, checking and […]


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 […]


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 […]


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 […]


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, […]


Are Ally Bank CD Rates Competitive?

Shopping for a certificate of deposit (CD) can be a challenge. Many banks offer different kinds of CDs, and often there's a lot of fine print to read. At Ally Bank, we keep it straightforward. Ally Bank CD rates are consistently among the most competitive in the country according to rates published by, and […]


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 […]

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