1 (edited by lacra.b 2018-01-10 21:11:42)

Topic: Ally does it again

Ally Bank has raised some of their CD rates again. 
Their 1-year CD rate is now 2% while their 5-year CD rate is now 2.35% on deposits over $25,000.  The 11-month No Penalty CD rate now stands at 1.75% for deposits over $25,000.
We think that the 11-month product is an outstanding alternative to an online savings account as it may be cancelled at any time without penalty.

2

Re: Ally does it again

Update: On January 2, 2018, Ally lowered their 11-Month No Penalty CD and 12-Month CD rates.  The rates now stand at 1.60% and 1.70%, respectively, for balances of $25,000 or more.