Ally Vs. Discover Bank: Which Bank Should You Choose?
Ally and Discover are online banks with competitive high-yield savings accounts. Both banks also have checking, money market, and CD accounts.
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Ally and Discover are online banks with competitive high-yield savings accounts. Both banks also have checking, money market, and CD accounts.
A 2-year CD allows you to maintain the same interest rate for two years. Long term CDs offer a higher interest rate, but year-CDs offer other perks.
We combed through offerings at over 2 dozen national banks to find the best CD rates right now. Here are our top picks for 1-year to 5-year terms.
A 6-month CD pays lower rates than longer-term CDs, but it's a worthwhile option if you expect to need access to your money sooner.
Discover pays competitive rates on CDs, savings accounts, and money market accounts, and you'll get 1% cash back with your debit card.