Thursday, June 21, 2012 - 8:40 PMAlly Yo-Yoing Their CD Rates?
Ally Bank (
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So what's with this flip flopping of CD rates the past
couple of month's by Ally? No big deal, but it seems an
awkward strategy just to allow them to assert a "raise
in rates".
For example,
on 5-8-12 the 5 year CD APY changed to 1.69%, then
on 6-15 " " " " " " " 1.65%, then today
on 6-21 " " " " " " back " 1.69%.
In the similar time frame their
3 month CD APY went 0.39% -> 0.34% -> 0.39% and their
9 " " " " 0.74% -> 0.64% -> 0.74% " "
11 " " " " 0.94% -> 0.91% -> 0.94%.
I dunno --- perhaps I'm brainwashed by the steady APY
decreases of the past few years that I'm now overly
suspicious when I see any increases!
7
cumulus142 posts since
Jan 16, 2010
Rep Points: 635
2. Friday, June 22, 2012 - 6:59 PMWith their 10-day best rate guarantee, it almost doesn't matter...
1
larkin58 posts since
Jun 18, 2010
Rep Points: 244
3. Monday, June 25, 2012 - 5:16 PMAlthough I'd like to give Ally the benefit of the doubt on
these flip-flops this also reeks of a (very poor) marketing
strategy to create artificial rate hikes. Kind of an insult
to customers.
2
cumulus142 posts since
Jan 16, 2010
Rep Points: 635
4. Wednesday, June 27, 2012 - 7:56 PMCumulus, never criticize a bank or credit union for raising its rates. I don't care what the reason is, just be thankful for the rate increase.
1
lou363 posts since
Aug 3, 2010
Rep Points: 2,052