PSA: "High-yield" CDs

[casmgn]

Ally Bank has some really "great" (comparitively speaking) rates on CDs right now. 12-month CD at 1.01 APY.

[ohgillian]

I'm torn between (a sincere) "thanks for the PSA" and "this is so depressing that I wish I hadn't clicked".

[madringal]

Aug 21, 2012 15:38:19 GMT -5 casmgn said:

Ally Bank has some really "great" (comparitively speaking) rates on CDs right now. 12-month CD at 1.01 APY.

That is great because right now I am looking at a sign in my branch that says our 12 months is 0.40 APY and a 10 year (!!) is 1.75. Minimum 10K deposit

[iheartbanjos]

Christ. Ditto ohgillian.

[casmgn]

Aug 21, 2012 15:41:17 GMT -5 madringal said:

Aug 21, 2012 15:38:19 GMT -5 casmgn said:

Ally Bank has some really "great" (comparitively speaking) rates on CDs right now. 12-month CD at 1.01 APY.

That is great because right now I am looking at a sign in my branch that says our 12 months is 0.40 APY and a 10 year (!!) is 1.75. Minimum 10K deposit

No minimum on the Ally CDs either.

They also have 2 and 4 year "raise your rate" CDs.