Author Topic: Ally Bank 1.25% 11 month CD with no EWP  (Read 1934 times)

felizcortez

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Ally Bank 1.25% 11 month CD with no EWP
« on: December 21, 2016, 01:10:57 PM »
I have checking and savings accounts with Ally Bank and they appear to be running a promotion for a 1.25% 11 Month CD with no Early Withdrawal Penalty.  Looks like an easy way to earn a few more bucks on my emergency fund that I have over there for not doing a ton of work and basically no risk.  Was wondering if anyone else has signed up for this?

meghan88

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Re: Ally Bank 1.25% 11 month CD with no EWP
« Reply #1 on: December 21, 2016, 05:58:49 PM »
Are you in Canada or the U.S.?

There are a number of HISAs in Canada that are paying up to 2% interest and you're not locked in.  I believe there are some in the U.S. as well.

For Canada, see:  https://www.highinterestsavings.ca/chart/

[edit ... 2% not 3%, since EQ lowered their teaser rate.]
« Last Edit: December 22, 2016, 08:44:00 AM by meghan88 »

felizcortez

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Re: Ally Bank 1.25% 11 month CD with no EWP
« Reply #2 on: December 21, 2016, 07:53:53 PM »
Based in the US.  Do you have a link to the US based ones?

Rubic

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Re: Ally Bank 1.25% 11 month CD with no EWP
« Reply #3 on: December 22, 2016, 07:41:24 AM »

kobo1d

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Re: Ally Bank 1.25% 11 month CD with no EWP
« Reply #4 on: December 22, 2016, 11:27:54 AM »
Great suggestion. We was already using Ally's Online Savings for our EF, might as well earn a few extra dollars per month.

t5inside

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Re: Ally Bank 1.25% 11 month CD with no EWP
« Reply #5 on: December 27, 2016, 06:21:13 PM »
Thanks for the suggestion, just moved my EF into one.