Different institutions base their variable-rate certificates of deposit (CDs) on different benchmarks. Some may tie rates to U.S. Treasury Notes, while others will use an interest-rate index. You can check with the issuing bank to see how its variable-rate CDs work.

You may get a slightly lower interest rate in return for flexibility, or see more strict terms in return for increased yields. It's up to you to decide what's best for your goals.

Typically, people look to variable-rate CDs as a way to get the benefits of rising interest rates, even if there's a chance rates could also go down. Ally Bank gives you a "best of both worlds" alternative with our Raise Your Rate CDs. With these CDs, you have the option of a one-time rate increase if our 2-Year CD rate goes up; you have the option to increase your rate twice (two times) if our 4-Year CD rate goes up.

No matter your savings goals, Ally Bank offers a variety of CDs at competitive rates and terms to help you build your financial future.

Learn more by visiting Allybank.com or call live, 24/7 customer care at 877-247-ALLY (2559) today.

Ally Bank, Member FDIC

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