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 […]

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 […]

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

6-Month CD Rates: Highest Isn’t Always Best

These days, it's more important than ever to get your money performing for you with smart financial strategies. When looking into 6-month CD rates, you'll see the highest annual percentage yields (APYs) attract a lot of attention. You may be able to find even better rates, either with longer-term CDs or a different kind of […]

CDs

How 6-Month CDs Can Help You Plan for Major Family Gifts

While some of the money management skills you need in life should be learned at an early age, some of us aren't as financially literate as we could be. Fortunately, it's never too late to introduce—or even reintroduce—the basics of saving to your family. For some, starting with a goal in a 6-month time period […]

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 […]

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