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Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) Expired
5% APY
(w/ No Minimum Deposits)
Ally is offering their Ally Bank: 9-Month High Yield Certificate of Deposit (CD) at a 5% Annual Percentage Yield on All Balance Tiers (No Minimum Deposit) when you open an account and deposit funds.
Thanks to community member MsGal for finding this deal
Note, ensure that you have select the '9-Month' term to receive your 5% annual percentage yield on your balance tiers/account
Thanks to community member MsGal for finding this deal
Note, ensure that you have select the '9-Month' term to receive your 5% annual percentage yield on your balance tiers/account
- FDIC-Insured Deposited (allowed by law)
- Flexibility/Security/Open Name of a Trust
- No Monthly Maintenance Fees
- Digital Banking Tools Anywhere/Anytime
- No Minimum Deposit Required
- 0.05% Loyalty Reward w/ New or Renew CD
- Manage your CD Online
Original Post
Written by
Edited July 30, 2023
at 03:34 PM
Ally Bank [ally.com] is offering a 9 Month High Yield Certificate of Deposit at 5% APY with no minimum deposit.
About this deal:
No minimum deposit to open
Interest compounded daily
Deposits are insured by the FDIC up to the maximum allowed by law
Early withdrawal penalty applies
APY is fixed for the term of the CD and is subject to change upon renewal
Manage all aspects of your CD account online, including making early withdrawals, all without having to pick up the phone
About this deal:
No minimum deposit to open
Interest compounded daily
Deposits are insured by the FDIC up to the maximum allowed by law
Early withdrawal penalty applies
APY is fixed for the term of the CD and is subject to change upon renewal
Manage all aspects of your CD account online, including making early withdrawals, all without having to pick up the phone
in
Financial Tools & Services
(4)
ally - Bank Advertiser
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Our community has rated this post as helpful. If you agree, why not thank 02nz
BTW Financial "advisors" are mostly salesmen who make money off of selling high-fee products.
Same. Been with ally since 2008 or so and have never had an issue with savings, CDs or investments.
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My only issue is that for the last month or two, the investment details don't update for 15 minutes when the markets open. But otherwise no problems
BTW Financial "advisors" are mostly salesmen who make money off of selling high-fee products.
Was going to get some CD's but decided just to go right to TreasuryDirect (run by the Government) and purchase a few scattered Treasury Bills at various intervals (1 month, 13 week, 26 week) that are set to roll over and automatically renew.
Gives me the flexibility to take a portion of the money out if I need it but the goal would be to keep it there for ~2 years.
Interest rates a year out are lower than short term rates and I wasn't looking for a way to make a ton of cash just not have it sit making 0.01% at Chase.
Not a financial planner, not trying to give advice, but it took 15 minutes to set up the account and add a bank account to fund. Your money isn't instantly available like a checking/savings account but it's liquid enough that if you do it right extra funds can be cashed out without much issue.
Gives me the flexibility to take a portion of the money out if I need it but the goal would be to keep it there for ~2 years.
Interest rates a year out are lower than short term rates and I wasn't looking for a way to make a ton of cash just not have it sit making 0.01% at Chase.
Not a financial planner, not trying to give advice, but it took 15 minutes to set up the account and add a bank account to fund. Your money isn't instantly available like a checking/savings account but it's liquid enough that if you do it right extra funds can be cashed out without much issue.
Our community has rated this post as helpful. If you agree, why not thank Cruceh
Have been with them for years and have never had an issue.
I have been with ally for about 5 months now . The only issue i have had was when i ordered a debit card it took almost 2 weeks to arrive other than that everything has been fine.
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There was some scaremongering around the time of the SVB and First Republic collapses that Ally might be vulnerable to interest rate risks. The talk seemed a bit overblown but it honestly doesn't matter unless you are putting hundreds of thousands in the account and are above the FDIC limit.
Only issues I've had with them involved being caught up in the waves of debit card fraud that went on a few years ago on a card that I had never used before, not even at an ATM. It immediately triggered a fraud alert and I didn't lose any money but I was unhappy with the fact a never used card was compromised. I no longer have an ally debit card and use a different bank as my primary checking. Everything else has been straightforward and problem free.