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

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 […]

CDs

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 […]

CDs

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 […]

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

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 […]

CDs

Work Towards Savings Goals With an Ally Bank High Yield CD

There are many approaches to growing your savings, from hiding money in your mattress to taking a chance with a high-risk investment. Depending on your financial goals, you may find that the best approach to saving money is somewhere in between. High yield certificates of deposit (CDs) appeal to those looking to optimize the cash […]

CDs

Ally High Yield CDs: Great Rates – and Then Some

The interest rates paid on high yield certificates of deposit (CDs) change all the time. One day one bank will be at the top of the list, and the next day it will be another bank in that position. But when you compare rates over time, you'll see some patterns. Ally Bank High Yield CD […]

CDs

Three Options That Might Be Better Than 3-Month CD Rates

If you're saving for a short-term goal, you probably don't want to take any chances with your money. But when the typical savings account Annual Percentage Yield (APY) hovers near zero, you might start thinking about 3-month CD rates as a viable alternative. But 3-month CD rates aren't always as great as you'd like to […]