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 […]

CDs

APY vs. APR: What’s The Difference?

Annual percentage rate (APR) and annual percentage yield (APY) can be two confusing financial concepts, but understanding the difference can help you make better, more informed financial decisions. When you compare APR vs. APY, you should know that when people talk about saving money, they commonly use the term APR when referring to the periodic […]

CDs

Retirement Income Needs: Are 1-Year IRA CD Rates Enough?

When considering putting money into a 1-Year IRA certificate of deposit (CD), rates are probably the first thing you want to look into. While IRA 12-Month CD rates may vary among financial institutions, there's no denying that collecting any sort of interest on your savings is a good thing. But how do you know when […]

CDs

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 Bankrate.com, and […]

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

A CD Laddering Strategy Might Be Right for You

When it comes to building a steady stream of interest income over time, bank certificates of deposit (CDs) and a laddered CD strategy can be a good option. When you open a CD, you agree that you will not withdraw the funds until the maturity date, which varies from a few months to several years […]

CDs

5-Year CD Rates vs. Other Options

While some banks require a minimum opening deposit, you can open and fund an Ally Bank certificate of deposit (CD) with any amount. Plus, we have a variety of choices to meet your financial goals: Raise Your Rate CD: With our Raise Your Rate CDs, you have the option of a one-time rate increase if […]

CDs

Ally Bank CD Rates and How They Stack Up

If you're searching for a great rate on a certificate of deposit (CD), you're probably already aware that not all CDs are created equal. In fact, you can easily find differences in CD interest rates from bank to bank. Rates also tend to vary according to term length, so it makes sense to compare several […]