Offered by: Ally Bank
Banking starts over here and now. Built on the foundation of GMAC, Ally is an online bank with no monthly fees and no minimum balances or deposits. Our rates are among the most competitive and we offer live 24/7 Customer Care Support. Member FDIC.
Banking starts over, here and now. We are Ally, an online bank built on the foundation of GMAC, one of America’s largest financial services provider with 12 million customers. And we believe that banking took a wrong turn somewhere between fees and penalties. So we’re using our 90 years of experience to take banking in a new direction: Straightforward.
At Ally, we believe in the quaint concept that it’s your money, not ours. That’s why we offer rates that are consistently among the most competitive, we never hide behind fine print and we give you 24/7 access to a real human. You can also depend on no monthly fees, no minimum balances or deposits, and no sneaky disclaimers. It’s just the right thing to do. FDIC Insured
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A 1-year CD at 2% is not too bad.
thomasb 2 years ago
Their savings account is at 1.69%, compounded daily...great rate.
jkennedy78 2 years ago
These CDs will look horrible once the Federal Reserve starts raising interest rates. I would NEVER lock in a CD when interest rates are at historical lows. If you must do a CD because you dislike TreasuryDirect or you want to use the CD as collateral for something else, try to keep it short term. Don't lock in 2% and three years later watch interest rates go up 100% to 4%, or even higher.
christoofar 2 years ago
Not many, better yet none I can think of compound daily. I'm sold on their MMA and Savings.
jgreado 2 years ago
why bother
JOSHSAPER 2 years ago