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Is It Better To Open Allybank No-Penalty CD Or Savings Account At This Time?

Sunday, March 31, 2013 - 11:18 PMAlly Bank - Details
Hi, 

Just wondering, what do the members here suggest me: Whether I should open 
AllyBank 11 month no-penalty CD or savings account at this time? CD rate is slightly 

lower than savings account at this time. Any suggestions? 


Thanks. 

 

PS: Not sure, but seems the text editor here isn't spacing the text correctly. 
2
hary536hary5362 posts since
May 23, 2012
Rep Points: 4
1. Monday, April 1, 2013 - 10:04 AM
That is a good question. Thanks for asking it. I've provided things to consider in this new blog post.
2
Ken TuminKen Tumin5,468 posts since
Nov 29, 2009
Rep Points: 125,029
2. Friday, April 5, 2013 - 8:24 PM
That is a good question. Thanks for asking it. I've provided things to consider in this new blog post.

Thanks. I had a question which I posted in the blog post comments, but writing here also, just in case. 

 

How do you open a 3-month CD at Ally? I don't see any term lower than 11-month on their website. 
1
hary536hary5362 posts since
May 23, 2012
Rep Points: 4
3. Friday, April 5, 2013 - 9:31 PM
I see cumulus provided a good answer in the blog comments. I'll just point out their CD rate table which lists all of the terms:

www.ally.com/bank/high-yield-cd/index.html#tabs=rates

You can also view our Ally Bank rate table for all of their CD rates.
1
Ken TuminKen Tumin5,468 posts since
Nov 29, 2009
Rep Points: 125,029
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