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Ally Bank Highest CD Rates

Sunday, April 24th, 2011

Did you know you can get some of the highest CD rates at Ally Bank? The bank always has higher rates than most other banks. Yes, there might be higher rates available but they are usually at some small bank or credit union.

Ally Bank’s highest CD rate is on their 60 month certificate of deposit. The current CD interest rate is 2.37% with an APY of 2.40%. If you’re looking for shorter term certificates of deposit Ally Bank has some of the best CD rates on short term CDs.

The current 3 month certificate of deposit rate is 0.54% with an APY of 0.54%. One of the better CD rates at banks currently available. Opening a certificate of deposit account at Ally is very easy.

An easy application process and some of the top rates makes Ally Bank a place to stash your cash.

Highest CD Rates Ally Bank

3 months 0.54% APY 0.54%
6 months 0.94% APY 0.94%
9 months 0.95% APY 0.95%
12 months 1.22% APY 1.23%
18 months 1.29% APY 1.30%
3 years 1.78% APY 1.80%
4 years 2.03% APY 2.05%
5 years 2.37% APY 2.40%

Discover Bank Highest CD Rates

Wednesday, April 6th, 2011

Some of the highest CD rates can be found at Discover Bank. Whether your looking for a short term investment or a long term investment Discover Bank has certificates of deposits will terms as short as 3 months and as long as 10 years with some of the best CD rates.

Discover Bank’s 12 month bank CD rates 1.19 percent with an APY of 1.20 percent. Most 12 month CD rates at banks and CD rates at credit unions are less than Discover’s 12 month rate. Many banks offer lower CD rates, probably around half the rate.

Speaking of CD rates half the rate of 1.19 percent, Discover’s 3 month bank CD rates are at 0.55 percent with an APY of 0.55 percent. Bank of America offers a 3 month rate that will well below Discover’s 3 month CD interest rate. You’ll have a hard time finding higher CD rates.

A little longer term certificate of deposit, 6 month bank CD rates are 0.90 percent with an APY of 0.90 percent. That rate is a very high CD rate right now for a 6 month certificate of deposit.

Highest CD Rates Discover Bank

3 Months Rate 0.55% Yield 0.55%
6 Months Rate 0.90% Yield 0.90%
9 Months Rate 1.00% Yield 1.00%
12 Months Rate 1.19% Yield 1.20%
18 Months Rate 1.29% Yield 1.30%
24 Months Rate 1.39% Yield 1.40%
30 Months Rate 1.49% Yield 1.50%
3 Years Rate 1.73% Yield 1.75%
4 Years Rate 1.98% 2.00%
5 Years Rate 2.27% Yield 2.30%
7 Years Rate 2.57% Yield 2.60%
10 Years Rate 2.96% Yield 3.00%

Using a CD Calculator

Sunday, July 18th, 2010

Are you thinking about investing your money in a certificate of deposit and are searching for highest CD rates? Did you know that you could use a CD calculator to figure out your return of investment on your certificate of deposit?

When you search for the best CD rates you should also search for a good CD calculator. If you figure out in advance how much money you’re going to earn investing in a certificate of deposit you can make sound investment decisions. 

If you haven’t used a CD calculator before a CD calculator can calculate how much interest you will earn on your certificate of deposit. Knowing before hand how much interest you’ll earn on your certificate of deposit you won’t have to wait a monthly certificate of deposit statement to see what you will earn.

Using a CD calculator will require you to enter three different certificate of deposit investment decisions. How much money you want to invest in a certificate of deposit, what the certificate of deposit annual percentage yield (APY) is and which certificate of deposit term are you going to decide to invest in. You can lock your money in a CD for as little as 1 month or as long as 10 years.

Where can you find the best CD calculators? You can search online for CD investment calculators. There are also different types of CD calculators available. Every CD calculator calculates interest but some CD calculators do other things as well. Like showing you how much CD interest you’ll earn each and every month. This CD calculator, MonitorBankRates.com, is one of the better calculators available. Some banks also offer a CD calculator on their websites.