Ally Bank is offering an 11-Month No Penalty Certificate of Deposit at 4.75% APY with no minimum deposit.
Thanks to Community Member homeyhomedawg for posting this deal.
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About this deal:
There's no minimum deposit required to open your account, and you can withdraw your full balance and interest any time after the first 6 days of funding your CD. Plus, we don't charge monthly maintenance fees.
When you fund your CD within 10 days of your open date, you'll get the best rate we offer for your term and balance tier if our rate goes up within that time. The Ally Ten Day Best Rate Guarantee also applies at renewal.
Interest compounded daily
Your deposits are insured by the FDIC up to the maximum allowed by law
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The FDIC protects your Ally Bank deposits up to $250,000 per depositor for each qualifying account ownership category.
Ally Financial Inc. — the third largest bank on the list by Dec. 31 total assets — stands out as having the largest percentage of negative accumulated comprehensive income relative to total equity capital as of Dec. 31.
To be sure, these numbers don't mean that a bank is in trouble, or that it will be forced to sell securities for big losses. But SVB had both a troubling pattern for its interest margins and what appeared to be a relatively high percentage of securities losses relative to capital as of Dec. 31.
Try telling the full truth.
Marcus Savings $100 Bonus Offer
Marcus is offering $100 when you deposit $10,000 or more in new funds into a new or existing Online Savings Account within 10 days of enrollment. You must maintain those funds plus your current balance for at least 90 days.
This bonus is stackable with other deals from Marcus Bank. If you're a new customer, open an account with the referral link in the next section first to earn an extra 1.00% APY for 3 months. All customers can also earn an extra 0.10% if they're an AARP member which you can get for free.
So lock the funds for 90 days to get the same rate that Ally is offering upfront and if you need to use ANY of the money your rate drops to 3.75% for whole time. Not to long ago Ally did an identical type deal where they gave 1% savings rate bonus to EXISTING customers if they kept the funds in for 6 months on top of an already competitive rate.
Apparently new customers can STILL get that 1% bonus according to https://www.ally.com/getpaidWe for their SAVINGS which was 3.60% last time I looked.
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Any catch here? Does anyone suspect a SVB happening here?
No one suspected SVB until it was too late. Bu, this isn't some fantastic rate to bring in money. It's pretty standard, and even less than what's available elsewhere.
Our community has rated this post as helpful. If you agree, why not thank hockeydon
03-11-2023 at 06:52 AM.
Ally Financial Inc. — the third largest bank on the list by Dec. 31 total assets — stands out as having the largest percentage of negative accumulated comprehensive income relative to total equity capital as of Dec. 31.
To be sure, these numbers don't mean that a bank is in trouble, or that it will be forced to sell securities for big losses. But SVB had both a troubling pattern for its interest margins and what appeared to be a relatively high percentage of securities losses relative to capital as of Dec. 31.
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To be sure, these numbers don't mean that a bank is in trouble, or that it will be forced to sell securities for big losses. But SVB had both a troubling pattern for its interest margins and what appeared to be a relatively high percentage of securities losses relative to capital as of Dec. 31.
Marcus Savings $100 Bonus Offer
Marcus is offering $100 when you deposit $10,000 or more in new funds into a new or existing Online Savings Account within 10 days of enrollment. You must maintain those funds plus your current balance for at least 90 days.
This bonus is stackable with other deals from Marcus Bank. If you're a new customer, open an account with the referral link in the next section first to earn an extra 1.00% APY for 3 months. All customers can also earn an extra 0.10% if they're an AARP member which you can get for free.
So lock the funds for 90 days to get the same rate that Ally is offering upfront and if you need to use ANY of the money your rate drops to 3.75% for whole time. Not to long ago Ally did an identical type deal where they gave 1% savings rate bonus to EXISTING customers if they kept the funds in for 6 months on top of an already competitive rate.
Apparently new customers can STILL get that 1% bonus according to https://www.ally.com/getpaidWe for their SAVINGS which was 3.60% last time I looked.
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I just bought 5 safes
I bought five couches with deep cushions
it must feel great to sit atop cash bricks, like a king
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Our community has rated this post as helpful. If you agree, why not thank iyg
Our community has rated this post as helpful. If you agree, why not thank hockeydon
To be sure, these numbers don't mean that a bank is in trouble, or that it will be forced to sell securities for big losses. But SVB had both a troubling pattern for its interest margins and what appeared to be a relatively high percentage of securities losses relative to capital as of Dec. 31.
I just bought 5 safes
Why does Ally have to do a 11 month CD as opposed too just give this rate out?
nvrmind: googled