Ally Bank Moves To Top Of The 6 Month CD Rates

Ally Bank is now offering one of the top 6 month CD Rates at 1.10% APY with no minimum deposit. They come in just behind Aurora Bank which is offering the top 6 month CD at a rate of 1.15% APY with a minimum deposit of $0.

Ally Bank is one of the highest rated banks according to Bankrate and offers some of the best CD rates on the market. Ally Bank also offers a Ten Day Best Rate Guarantee, which means that if the interest rates increase within ten days of opening the certificate of deposit, you will automatically receive the higher rate for the duration of your term.

Ally Bank makes it easy to open an account and start saving with their certificates of deposit. Open your account online in any of the 50 states to get this great deal.

Be sure to check out our CD rates board for the most up to date rates.


Flagstar CD Rates – Great 6 and 12 month Options

Flagstar CD RatesFlagstar Direct is offering some pretty competitive nation wide 6 month and 12 month CD Rates.

Flagstar CDs are FDIC insured and the rate will remain locked the entirety of the term.

Flagstar CD Rates:

  • 6 Month – 1.25% apy – $500 Minimum Deposit
  • 12 Month – 1.55% apy – $500 Minimum Deposit

Certain fees will be applied to your CD for early withdraw. Those fees are as follows:

  • 6 Months — A fee equal to 30 days of interest, whether the interest is earned or unearned.
  • 12 Months — A fee equal to 180 days of interest, whether the interest is earned or unearned.

Other important disclosures:

  • No additional funds after opening may be deposited before maturity.
  • You may withdraw interest any time during the term after the interest is credited to your account.
  • Visit Flagstar CD Rates page here for more information.

Why open a Certificate of Deposit?

When opening a CD with Flagstar, or other financial institutions, you are putting your money in a low-risk investment with a guaranteed competitive rate. Your money remains secure in a CD.  Placing your money in volatile investments or low interest savings accounts can be risky and less rewarding.  Investing in a CD is quick easy and you will always reap a reward.

Remember to check out our Best CD Rates Nationwide.


Colorado Federal Savings Bank CD Rates

Colorado Federal Savings Bank is offering a competitive 1.15 percent APY 6 Month CD for deposits of $5,000 or more. The 6 Month CD rate is almost double the national average and is still better than the national average 12 month CD rate of 0.83%

A 6 month CD at 1.15% is a great deal with little risk. If rates increase in the next 6 months you will be out of this CD and ready for the next best CD. Interest rates are expected to increase later this year and into early next year so if you plan on investing long term into a CD, it would be best to wait until rates increase. Another option is to get into an Ally CD with the option of a one time rate increase. We are seeing more and more banks give this option, which allows you to lock in a higher rate while being locked into a long term CD. Without a one time option to increase your rate, you would have to get out of the CD (certificate of deposit), pay an early termination penalty and then lock into the higher rate.

Colorado Federal Savings Bank is also offering a 12 month CD at 1.45% APY and a 24 month CD at 1.95% APY, which are both higher than the national averages of 0.83% and 1.30% respectively.

They are also offering 36 month CD rates at 2.30% APY and 60 month CD rates at 2.80% APY.

For the most current rates from Colorado Federal Savings Bank, visit their CD Rates page here.