CD early withdrawal penalties: Here's when experts say they're worth paying [CBS News]
Ally Financial Inc. (ALLY)
Last ally financial inc. earnings: 4/20 07:30 am
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Source: CBS News
The Fed paused interest rates for the fifth consecutive meeting in March following February's Consumer Price Index report, which indicated an uptick to a 3.2% year-over-year inflation rate in February. And, the most recent inflation report, released this week, showed that at 3.5% , an even higher uptick in inflation occurred in March. But while stubborn inflation and elevated interest rates are a thorn in the side for borrowers, they're a gift for savers with high-yield savings accounts and certificates of deposit (CDs) . Deposit account holders have been enjoying high yields hovering near 5% for several months now, as the Fed aims to curb inflation with an elevated federal funds rate, which has resulted in higher savings returns. Many Americans are now locking in high CD rates now in case the Fed cuts interest rates in 2024 as predicted. A $10,000 36-month CD earning 5% APY could generate $1,565.25 in interest during its term. However, the primary downside to CDs is that you'll l
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News
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- Ally Financial Inc. (NYSE: ALLY) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
ALLY
Earnings
- 4/19/24 - Beat
ALLY
Sec Filings
- 4/30/24 - Form 3
- 4/29/24 - Form 424B2
- 4/29/24 - Form 424B2
- ALLY's page on the SEC website