Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
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Only knock against Ally bank is their security isn't the best, e.g. MFA devices instead of SMS codes.
I've also been with them for years, no issues.
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
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and remember the yield is for 1 year.
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
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Vio just updated from 5.02% -> 5.15% last week when the Fed bumped rates. Every time the Fed bumps up, they bump up. $100 min to open.
They have 6-month CDs at 5.20% and 12-month CDs at 5.00% if...
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
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"When you CD matures, you can withdraw your money at no charge during a 10-day grace period; withdrawal before the maturity date are subject to penalties"
Does that mean, starting on day 11, you...
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
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Have had Ally for more than 8 years. Excellent if not the BEST online bank and consistently highly ranked. Will definitely do 18 month CD at 5%. rates are expected to fall, so better to lock in your...
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
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No, your quote says penalties if withdrawn _before_ maturity, which is normal
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
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175 Replies
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No issues with Ally, their website sucks though. These threads always have people recommending some quarter percentage better fund, but the point is to diversify your assets especially if you're at...
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
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Money Market gives 4.5% now btw.
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
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That is what i been buying, staggering/ladder purchases. A downside, i migth be wrong, you dont really know the final % before you buy it.
...
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
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That's usually referred to as a "ladder" and is generally a prudent way to do what you seem to want to do.
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
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If you are a neophyte, I would suggest Vanguard rather than just "any brokerage".
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
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One way that's worth considering is buying T Bills with maturities matching your dollar averaging schedule, very easy to do with T Bill holdings at major brokerages, provided your dollar amounts meet...
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
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175 Replies
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Did anyone else get in on the 4.75% APY no-penalty CD from Ally back in March? I'm assuming I can open a new NP CD with Ally to get 5.0% APY and then directly transfer the money from the 4.75%...
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
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I've never had any issues. I've had a checking, savings, and invest account with them for 6 years now.
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
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175 Replies
62,489 Views
HYSA just went up to 4.25% as well!
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
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TreasuryDirect is a perfectly fine alternative, I use it myself for Series I bonds. It's just that some find the website really clunky, and if you already have a brokerage account somewhere, buying...
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
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FYI - results from last few tbill auctions:
https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_bill_rates&field_tdr_date_value_month=202308
...
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
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175 Replies
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if you look at historical charts - stock markets typically crash AFTER the Fed starts lowering rates back down... lowering rates is an admission that economy is in bad shape...
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
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You can write checks on the Money Market but not on the Savings. Their Online Savings have historically had higher rates than their Money Market, then it went to being identical for a long time. And...
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
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175 Replies
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Does anybody use Etrade to trade t-bills? Is this what it suppose to say? the gain will fluctuate but at the end of the term, in my case 6 months, I will get the $1000? I'm still a newbie at this....
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
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No, nothing like that at all. It went pretty easily. I opened my account a couple years ago and don't remember if it took a few days to get my bank connected but that would be about it.
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
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what does callable mean? I am seeing this on fidelity. Is this the only one, it says settlement daye 1/16/23
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
+38 Score
175 Replies
62,489 Views
Not seeing a 5.3%.....
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
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175 Replies
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https://www.ishares.com/us/products/314116/ishares-0-3-month-treasury-bond-etf and look for 30-day SEC yield.
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
+38 Score
175 Replies
62,489 Views
Either buy a treasury which locks you in just like this does, or put your money in something like a fidelity money market fund thats yielding 5% with more flexibility.
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
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175 Replies
62,489 Views
I work for the government (Dept of the Army), and yes, that's the best the government can do. Government IT is abysmal, across the board. We use one system that seriously looks like it was developed...
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
+38 Score
175 Replies
62,489 Views
No, look at the SEC 30-day yield.
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
+38 Score
175 Replies
62,489 Views
Do not do what this guy says. Get a financial advisor if you’re considering it. Do not get you financial advice from SD. Good luck.
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
+38 Score
175 Replies
62,489 Views
5% not much a deal nowadays, looking for garunteed 6%+, anyone?
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
Expired
Thread created 07-30-2023 by MsGal
+38 Score
175 Replies
62,489 Views
Oh, I know. My husband served 23 years in the Navy.
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
+38 Score
175 Replies
62,489 Views
Screw those damn bonds. Anything related to Government is a pain in the ass to cash.
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
+38 Score
175 Replies
62,489 Views
5.31% https://www.blackrock.com/us/individual/products/314116/ishares-0-3-month-treasury-bond-etf-fund
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
+38 Score
175 Replies
62,489 Views
because he has no clue.
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
+38 Score
175 Replies
62,489 Views
Another small bank failed on 7/28, js.
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
Expired
Thread created 07-30-2023 by MsGal
+38 Score
175 Replies
62,489 Views
From the email:
“Update:
Your Savings Account rate is increasing from 4.00% to 4.25% Annual Percentage Yield (APY) on all balance tiers. Your new APY goes into effect on 08/01/2023, and will...
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
Expired
Thread created 07-30-2023 by MsGal
+38 Score
175 Replies
62,489 Views
Anything under 5% isn't worth it given that you can get 5%+ from a FDIC insured online savings account. That's interest and liquidity, right there.
If you want a CD style lock in, buy a t-bill for...
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
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Thread created 07-30-2023 by MsGal
+38 Score
175 Replies
62,489 Views
https://www.cit.com/cit-bank/bank/savings/platinum-savings-account
You need a balance of $5K or more, but you get the rate on the entire balance, not just the amount over $5K.
But again, I...
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
Expired
Thread created 07-30-2023 by MsGal
+38 Score
175 Replies
62,489 Views
Do not do what this guy says. Getting a financial advisor is completely unnecessary. Spend a few minutes on the internet to educate yourself on the merits of CDs vs. buying treasuries outright. You...
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
Expired
Thread created 07-30-2023 by MsGal
+38 Score
175 Replies
62,489 Views
5% not much a deal nowadays, looking for guaranteed 6%+, anyone?
Ally Bank: 9-Month High Yield Certificate of Deposit Account (CD) 5% APY (w/ No Minimum Deposits)
Expired
Thread created 07-30-2023 by MsGal
+38 Score
175 Replies
62,489 Views
Or you can buy a short-term treasury ETF like SGOV instead, get 5.3% of yield, interest is exempt from state income tax, and way more liquid.
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