Ally Bank 11-month no penalty CD is now 1.75%. Under the 10 day rate guarantee, any CD funded 12/10 or later will automatically receive the higher rate.Just closed the 1.5% no penalty CD and transferred those funds to a new 1.6% no penalty CD.
Ally Bank 11-month no penalty CD is now 1.75%. Under the 10 day rate guarantee, any CD funded 12/10 or later will automatically receive the higher rate.
Their 12 month CD is 2.00%. It has an EWP.
Ally Bank 11-month no penalty CD is now 1.75%. Under the 10 day rate guarantee, any CD funded 12/10 or later will automatically receive the higher rate.
Their 12 month CD is 2.00%. It has an EWP.
I believe (not certain) they wait the full 10 days in case there is another rate hike. But it is supposed to be retroactive once applied.How long does it take for Ally to update the rate within the 10 day period?
Here are 2 st bond funds I use, which have made it unattractive (to this point) to use CDs:That part makes sense. For the last 6 months or so I think the 11 month “no penalty” CD was the same rate as the 12 month more standard lock-in CD, which never made sense to me. Hard for me to think of any bonds or bond funds I would want to invest in right now with an easy 1.75% (or better 2%) right there.
Ally Bank 11-month no penalty CD is now 1.75%. Under the 10 day rate guarantee, any CD funded 12/10 or later will automatically receive the higher rate.
Their 12 month CD is 2.00%. It has an EWP.
Ally Bank 11-month no penalty CD is now 1.75%. Under the 10 day rate guarantee, any CD funded 12/10 or later will automatically receive the higher rate.
Their 12 month CD is 2.00%. It has an EWP.
I just rolled our Ally Bank 1.5 no penalty CD to their 1.6 offer. The rep initially told me a credit check would be necessary. I told him he should check with his supervisor as I was pretty sure it did not apply to existing clients (already known to the institution). He did so and confirmed no credit check was required.
Depending on the experience of the rep you get, you may have to push back to avoid the credit check "hoop"
It is not clear to me how the no penalty 11 month CD works. I sold my house 11 months ago and have the cash in a 1 year CD at PenFed. I need to park the cash somewhere after the one year is up while I look for a house. If I used the 11 month no penalty CD, would I have no earnings if I pulled out the cash at say, 4 months?
It is not clear to me how the no penalty 11 month CD works. I sold my house 11 months ago and have the cash in a 1 year CD at PenFed. I need to park the cash somewhere after the one year is up while I look for a house. If I used the 11 month no penalty CD, would I have no earnings if I pulled out the cash at say, 4 months?
Ally has a promotion on a 12 month CD at 2% until January 2.
So I opened an account with Ally today for this promotion, but the money won't be transferred to the account until Jan 3, the day after the promotion ends. Tried to call Ally to get answer to my question, but got tired of being on hold.
Does anyone know if the CD is in effect even though not funded and won't be until Jan 3? Or does it not start until there is money in the account, which will be the day after the promotion ends? Tried to cancel the money transfer when I found out it would be received a day late, but unable to do it online and long hold time on the phone. I hate to go into a CD not knowing what the rate is.
So I opened an account with Ally today for this promotion, but the money won't be transferred to the account until Jan 3, the day after the promotion ends. Tried to call Ally to get answer to my question, but got tired of being on hold.
Does anyone know if the CD is in effect even though not funded and won't be until Jan 3? Or does it not start until there is money in the account, which will be the day after the promotion ends? Tried to cancel the money transfer when I found out it would be received a day late, but unable to do it online and long hold time on the phone. I hate to go into a CD not knowing what the rate is.
I believe Ally guarantees the rate as long as the CD is funded within 10 days.