3 Month High Yield CD Search Yields Ally Bank's Deal

The best bang for your buck when searching for high yield CDs has got to be the 3 Month Offer. Why lock your funds away for any longer than that? Three month CDs provide you the flexibility to move your money after a short amount of time and that bet is worth placing with a recovering U.S. economy. This week, the winner goes to Ally Bank.

With so many financial institutions vying for the patronage of consumers – online, local, and big banks, plus the credit unions — one easy way of getting depositors to switch banks is to offer attractive CD rates. Banks are willing to gamble on spending more on higher rates in hopes that customers will also transfer their other low-interest deposits such as savings and checking accounts. FYI America, feel at ease with your Certificates of Deposits since they are now FDIC insured to at least $250,000, not just up to $100K.

This week's winner for Aug 22nd goes to Ally Bank, to access Ally Bank CD offers - Click here. However by the time you found this article searching around for the best cd rates, it may have expired, so feel free to visit our sponsors
(links on the left margin and below).

Don't forget, the Masters cover the best cd rates and offerings each week - click to access our CD articles.

However Ally Bank has some great deals going right now and they are available to customers in all 50 states. Here are Ally's current rates:

Ally offers:

* Open with $0
* No monthly fees
* Daily compounded interest for maximum earnings
* FDIC insured Maximize your coverage
* Automatic renewal at maturity
* Ability to withdraw and receive earned interest as income — just let us know before the CD maturity date or by ten days after
* For your peace of mind, accounts funded within 10 days of opening receive the highest rate during those 10 days.

Looking for more good 3 month CD deals, this search done on Aug 22nd is provided by BankRate.com enjoy:

SOURCE: http://wallstnation.com/3-month-high-yield-cd-08222009.html