You can still benefit from Ally Bank's relatively high CD yields.
The Fed projected that Ally Financial would come out short of the capital needed to absorb losses and continue operating. (Ally disagrees with the Fed's analysis.)
The "F" is no reason to yank any Ally CDs, says Colorado Springs financial planner Allan Roth. Just stay under the FDIC-insured limit ($250,000 per person, per bank). In early May, Ally had a 1.54% annual yield on a five-year CD with a low penalty for early withdrawal.
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|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.45%||4.52%|
|15 yr fixed||3.47%||3.55%|
|30 yr refi||4.44%||4.51%|
|15 yr refi||3.46%||3.54%|
Today's featured rates: