Jan 31, 2010

Ally Introduces High Yield CD

After introducing the concept of No Penalty CD, Ally Bank has recently introduced High Yield CD. Also widely being recognized as Bump-Up CD, this product offers one of the top CD rates in the market today.

So what is Ally's High Yield CD: If you have some savings left to be invested into a 2 year CD then this may be a good place to consider. It is a 24 month CD featuring 2.10% APY, and Ally allows you, once, to call them and request for a new higher rate (bump-up) if you notice a better rate during the term of your CD for the remaining term.


Let me put this in simple words: Suppose I open Ally's 2 years High Yield CD today at 2.10% APY. Now suppose Ally bumps up the APY for this product to 2.50% after 1 year, then I may call Ally and request them to apply this new higher rate to my CD funds for the remaining term that is, for this example, 1 year.

Like Ally's most other products, this CD comes with no fees, no minimum deposit amount, FDIC insured, etc. The 2.10% APY is pretty high already and considering the market improving day by day, I believe, the APY will definite increase a lot by 2012 thus making this product a bright option.

7 comments:

  1. The advantage about the funny pictures is that you can watch them along with the family.
    Funny Sports Moments would be create in every field of
    life. So, to overcome this situation and to remain in a positive mood
    laughter therapy is the best solution which can be done by
    various ways by watching funny movies, by downlaoding some funny pictures or by doing chit chatting of funny
    text with your dear freinds.

    Here is my blog post - Look At This

    ReplyDelete
  2. Good day! This is my 1st comment here so I just wanted to give
    a quick shout out and tell you I really enjoy reading through
    your posts. Can you suggest any other blogs/websites/forums
    that go over the same subjects? Thank you so much!


    My blog Biotechnology Today

    ReplyDelete
  3. Hi there to all, itís truly a nice for me to go to see this site, it includes precious Information.


    my web-site - simply click the next website page

    ReplyDelete
  4. The new tablet would be a further extension of these
    concepts and yet another step into the future of computing for Apple.
    This glass would cost less than $1000 and would be available to almost all the people in Britain.
    You can only visit once a day and there is no guarantee that you will get anything from it
    but as I always say, free is free.

    My weblog; Latest Daily News

    ReplyDelete
  5. This is my first time pay a quick visit at here and i am truly happy
    to read all at one place.

    Here is my web-site: click the up coming post

    ReplyDelete
  6. Most of you hunger to know more about the glitzy life styles of glamorous celebrities and
    sensual models. Stay connected with for the
    latest tit-bits of pick me up news and cool
    celebrity pictures. Celebritynewsapp has developed a celebrity app which is getting popular day by day.


    Here is my weblog - latest celebrity news

    ReplyDelete
  7. I was very pleased to uncover this site. I want to to thank you for ones time for this particularly wonderful read!
    ! I definitely appreciated every part of it and i also have you book marked to check out new information in your blog.


    Here is my site; Biotech Services

    ReplyDelete