Submitted by badinero t3_11ppibl in personalfinance
Ally Bank has a 5% CD rate for a 18-month CD. Debating if I should throw some of my savings into this.
I know the general opinion here is that CDs aren’t a great investment tool but 5% seems pretty high for being a safe asset. 18 months doesn’t seem terribly long to be locked up either. It’d be nice to have some guaranteed growth. Does this seem like a good CD rate?