ally bank raise your rate cd rates

Does Ally Bank's IRA Raise Your Rate CD come with your Ten Day Best Rate Guarantee? With an IRA CD, you get the Ten Day Best Rate Guarantee at renewal. Ally Bank is an online-only bank that has existed for more than a The Raise Your Rate CD allows the interest rate to increase once on a. You can buy I bonds at that rate through April 2022. Use I bonds to. save in a low-risk product that helps protect your savings from inflation.

Ally bank raise your rate cd rates -

Ally Bank CD Review

What You Need to Know

All Ally high yield CDs do not have a required amount to open the account. You can open each of the CDs with any amount. The Raise Your Rate CDs and the No Penalty CD do not have a set amount required to open.

Ally CDs offer competitive interest rates. The rates are competitive with other online CD accounts. The interest rates for Ally CDs are much higher than typical bank rates.

There are a wide variety of CDs offered through Ally. They offer seven high yield CDs. Those terms range from three months to five years. Ally offers a Raise Your Rate CD. These CDs are available in two-year and four-year terms. They also offer a No Penalty CD. This CD is an eleven-month term.

Ally offers a Ten-Day Best Rate Guarantee for each of the different CDs. When you open your CD, you have ten days. If interest rates go up within that time, so does your interest rate for the CD. The best rate guarantee is also available when you are renewing your CD.

The No Penalty CD has high opening amounts to earn the most competitive rates. Balances under $5,000 earn the lowest rates. To earn the most competitive rate for the CD requires a minimum opening balance of $25,000. Balances over $5,000 but less than $25,000 receive an interest rate between the two rates.

Interest earned from Ally CDs is generally credited annually. If your CD is a one-year term or less, they credit your interest at the CD maturity. If your CD term is longer than one year, they credit your interest at your CD terms year-end. You can make some changes to your CDs through the Ally website.

Some Ally CD accounts have tiered interest rates. To earn the most competitive interest rate for your account requires a balance of $25,000. There is not a required amount to open these CDs, but the higher the account balance, the higher the rate you earn.

The Ally No Penalty CD allows you to withdraw your money anytime after the first six days. You cannot make a partial withdrawal of the funds. If you are going to withdraw the money, you must withdraw the entire CD balance.

Cool Things

Raise Your Rate CDs

The Raise Your Rate CD offers two-year or four-year terms. With these CDs, you have the option to raise the interest rate during the CD term. You can raise the interest rate once during a two-year CD term. With a four-year CD term, you have the option to raise the interest rate twice.

No Penalty CD

Ally offers an 11-month No Penalty CD. This CD has tiered interest rates. To earn the most competitive rate requires an opening balance of at least $25,000. You can withdraw money any time after the first six days of the account being open. There is no penalty for withdrawing the money, but you must withdraw the entire CD balance. You will keep all the interest you earn on the account.

History

Ally started in 1919 in New York City as GMAC. They first helped auto dealers with their financing and inventory demand. By the 1950s they were financing automobiles, locomotives, and appliances. In 1977 Ally financed their 75 millionth automobile.

In 2000 GMAC Bank launched and it was in 2009 that GMAC Bank turned into Ally Bank. The bank was an online bank, and by 2012 there were more than 1 million Ally Bank customer accounts. In 2016 Ally launched the Ally cashback credit card.

Today, Ally offers banking products online, and in 2017 they launched Ally Invest. This is a wealth management and investment program. Ally Bank has over 1.5 million customers and over $100 billion in customer deposits. They are a top 25 U.S. financial holding company and have over $173 billion assets.

Awards and Recognition

  • Best Online Bank by GOBankingRates in 2019
  • Ally CDs ranked among the Best CD Accounts by GOBankingRates in 2019
  • Best Internet Bank by Kiplinger’s Personal Finance in 2018
  • Best Online Bank by Money Magazine in 2018

Giving Back

Ally Financial, Bank of America, and Barings are investing over $70 million in the city of Charlotte, North Carolina. The money is to create more affordable housing in the area. It will help finance below-market loans and assisting affordable housing projects. The money will also help fund grants, and they plan to donate land to help make affordable housing a reality.

In 2018, Ally donated school supplies to help underserved youth in Detroit. Volunteers put together more than 800 backpacks for The Children’s Center. The backpacks consisted of supplies, uniforms, and hygiene products. In 2017 they donated over 1,000 backpacks to students in Charlotte, North Carolina.

Frequently Asked Questions

Is Ally FDIC insured?

Yes. Ally Bank is FDIC insured. The FDIC is an agency of the United States government that protects funds deposited in banks, up to $250,000 per customer, per bank. The money deposited in FDIC insured banks means money is backed by the full faith and credit of the United States government.

How many different terms does Ally offer?

Ally offers seven high yield CD terms. They offer a Raise your Rate CD in two-year and four-year terms. They also offer a No Penalty CD in an 11-month term.

What is the required amount to open a CD with Ally?

There is not a set amount to open the high yield CDs through Ally Bank. But, to earn the best interest rates does require a high balance. The No Penalty CD requires a minimum opening amount of $25,000 to earn the best rate.

How do I deposit money into Ally CDs?

You can transfer money electronically from another Ally account or an external account. You can deposit checks through Ally eCheck Deposit, mail in a check, or through a wire transfer. You can deposit more than one check through the eCheck Deposit. All the checks must be uploaded by 7 p.m. of the day you open the account. The total amount will be added to your Ally CD.

How do I access my money?

Once your CD reaches maturity, you can access your money. You can transfer your money to another Ally account or an external verified account. You can request Ally send you a check. You can plan what happens to your CD up to one year before the maturity date through the Ally website.

Do I have to open other Ally accounts before I can open a CD?

No. You can open only a CD without opening other Ally accounts first.

Do Ally CDs offer competitive interest rates?

Yes. Ally Bank CDs offer competitive interest rates. The rates are competitive with other online accounts. They are much higher than typical bank rates.

Can I choose how to receive my interest payments from Ally CDs?

Yes. You can choose how your interest is credited. Make those changes through online banking on the Ally website.

What percentage am I charged if I withdraw money before the maturity date?

For CD terms under two years, the penalty is 60 days of interest. The penalty for five-year CDs is 150 days of interest. The other CD terms vary depending on the term length. But the penalty is between 60 and 150 days of interest.

How do I make changes during the grace period?

You can set up what happens to your CD online through the Ally website. You can make changes to your accounts or make a deposit during the grace period.

How will I know my Ally CD is nearing maturity?

You can contact customer service to find out. You can also log on to the Ally website to decide what happens to your CD at maturity.

How long is the grace period between renewal?

The grace period is ten days.

Are Ally CD rates guaranteed for the entire term?

Ally offers fixed interest rates. They look for the highest rate during the first ten days of the account being open. After those ten days, the rate received is the rate you earn for the life of the CD term. The Raise Your Rate CD allows for one or two rate increases, depending on the term you open.

Does Ally offer mobile banking?

Yes. With the mobile app, you can make deposits, transfer money, find ATMs. You can view your account balance and account history through the app.

Is Ally a good bank?

The interest rates are competitive. They offer a good variety of CD terms including a Raise Your Rate CD and a No Penalty CD. There are no required amounts to open Ally CD. But, to get the highest interest rates requires a large account balance.

Is Ally secure online?

Ally offers firewalls and Secure Socket Layering systems. Customers can download free anti-virus and anti-malware software. They offer account monitoring and security guarantee. Customers are not held responsible for unauthorized transactions reported within 60 days.

What is the shortest Ally CD term offered?

The shortest term is a three-month term.

What is the longest Ally CD term offered?

The longest term available is the five-year CD.

Does Ally offer accounts other than CDs?

Yes. Ally offers a wide variety of other accounts. Those include checking, saving, and money market accounts. They offer credit cards and loans as well.

Can I use Ally CDs for my business accounts?

No. Only personal deposit accounts are available.

How do I reach customer service?

Contact customer service through phone, email, mail, or online chat. You can follow Ally on Facebook, Twitter, YouTube, Google Plus, and LinkedIn.

Bank Contact Information

Ally Bank Customer Care
P.O. Box 951
Horsham, PA 19044
1-877-247-2559

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Источник: https://cdaccount.org/bank-reviews/ally-bank-cd-review

Ally Bank Interest Checking & Raise Your Rate CDs

A look at the Ally Bank Interest Checking account and the Raise Your Rate CDs.

There are a lot of banking products to keep track of lately. Some of those we monitor are from Ally Bank, which is actually known for online consumer bank products that are made easily accessible by their minimal fees and minimum balance requirements. Many of their products can be found in our list of high yield savings accounts and other savings options that we’ve previously covered here. Today though, we’ll focus on their interest bearing checking account and special raise your rate certificates of deposit. Following are the details:

Ally Bank Interest Checking Account

Ally Bank Interest Checking

Ally Bank boasts a free high yield checking account that has the potential to earn you the equivalent of interest you’d get from a high interest savings account. It’s called the Ally Bank Interest Checking Account with several features that you may like. Just like Ally Bank’s other savings products, this checking account is easy enough to start and maintain, given that it does not require a minimum deposit nor a minimum balance to keep around. Here’s a closer look at its features:

  • No minimum balance required. $0 to open an account. Can’t get easier than that!
  • No monthly fees
  • Maintain a balance of up to $15,000 and receive a 0.50% APY
  • Maintain a balance above $15,000 and receive a .80% APY
  • Free online bill pay and online banking
  • Free debit card
  • Unlimited check writing
  • Get cash back by using your debit card (at select retailers)
  • No ATM fees anywhere
  • Free alerts on your balance
Here’s how you can open an Ally Bank interest checking account.
Open an Ally Bank interest checking account.

But bear in mind that the bank will charge you for non-sufficient funds, stop payment and return deposits, although these are pretty standard fees I’ve seen levied by most banks. The one thing I’d like to point out is this: seriously, at the rate some of these banks (online or otherwise) are ratcheting down their rates, there doesn’t seem to be much of a competitive advantage between checking vs savings accounts anymore. Take for instance WTDirect, which is certainly considered a top high interest savings account. If you look at their account’s features, there is no longer much to be desired here, with the long term interest rate lingering at 0.15% for balances under $10,000 and 1.11% for balances reaching $10,000 and higher. So if you’re going to make a comparison here, even the Ally Bank Interest Checking Account looks like a better choice over the WTDirect Savings Account, since you get all the benefits of a checking account when you opt for the former.

Ally Bank 2 Year CD & 4 Year CD With Rate Increase Option

Ally Bank Raise Your Rate CD

In addition to the checking account, Ally Bank is replacing their 2 Year High Yield CD with one that has a “rate increase” option. It’s called the Ally 2 Year Raise Your Rate CD and it’s intended to give savers a bit of a break. Typically, when you open a CD account, you’re locked into the current rate for the full term of the CD. But with the Raise Your Rate CD, you have the opportunity to opt for one rate increase anytime during the term of the CD. So if rates go up anytime between now and the next two years, you have one chance to raise and lock in your rate at that level.

Given that we’re in a rate climate that hasn’t exactly been favorable for savers (it’s been a low interest environment for a while now, with no signs of a change in the trends), the “raise your rate” feature may offer a bit of insurance. Here’s how it works:

  1. Open an Ally Bank 2 Year CD and lock in your rate. The rate is currently at 1.18%.
  2. Monitor the CD rate on this product.
  3. If the rate goes up within the next 2 years (during the term of your CD), you have the option to lock in that new rate.
  4. Call Ally Bank at anytime to request the new rate.
  5. Receive the one time rate increase for the rest of your term.

But the 2 Year CD is not the only “Raise Your Rate CD” from Ally. They also offer a 4 Year CD which has a higher yield and which provides the option of a TWO time rate increase during the term of the CD. So make sure you compare these two products when you visit their site.

Find out more about the Raise Your Rate CDs from Ally Bank here.
Raise Your Rate CDs from Ally Bank

Created March 16, 2010. Updated August 19, 2011. Copyright © 2011 The Digerati Life. All Rights Reserved.

Источник: http://www.thedigeratilife.com/blog/ally-bank-interest-checking-2-year-cd-rate-increase/

Since it spun off from General Motors auto financing in 2009, Ally Bank has proved to be one of the best online-only banks in the industry. Like most online-only banks, Ally charges minimal fees for deposit accounts and requires low or no minimum balances.

Rates on Ally’s checking, savings, CD and money market accounts are relatively high, but the bank is facing stiff competition from a growing list of rivals. Synchrony Bank, Goldman Sachs Bank USA, and Discover Bank offer similar or higher rates on deposit account offerings and many of the same customer perks, like no minimum balance requirements and robust support for online banking.

This Ally Bank review will cover all available savings accounts, including features, interest rates, and which account types may be best suited for your needs. All of our findings were based on analysis of rates from Depositaccounts.com, another LendingTree-owned company.

In this Ally Bank review we’ll cover:

Ally Bank CD Rates

Ally Bank Savings Account Rates

Ally Bank Money Market Account Rates

Ally Bank Checking Account Rates

Ally Bank IRA CD Rates

Ally Bank IRA Savings Account Rates

Ally Bank CD Rates

While Ally Bank doesn’t ask for a minimum deposit amount to open a CD, their best CD rates are tied to high deposit amounts.

Ally’s CD features three products: the High Yield CD, the Raise Your Rate CD and the No Penalty CD. The APYs currently available range from 0.30% to 2.25%, depending on your opening deposit and term length. All accounts have no minimum balance requirement, though rates will vary depending on the term and amount deposited.

All of Ally Bank’s CDs have a Ten Day Best Rate Guarantee. If their rate goes up within 10 days and you make a deposit within 10 days of account opening, you will get the better rate. This rate also applies when you renew your CD account. Interest is compounded daily with all accounts and your account will be automatically renewed when your CD matures. If you choose to close a CD account, you have a 10-day grace period after the maturity date.

Ally’s CD rates are lower than some of its competitors. You can easily find a 12-month CD at 2.00% APY with a $1,000 and a three-year at 2.30% APY with only a $5,000 minimum. Other banks also offer higher APYs on CDs with other terms and often require lower minimum deposit amounts than Ally’s middle tier.

[Chart-AllyBankHighyieldCDRates]

Up to $5K

$5K-$25K

$25K+

3 months

1.00% APY

1.25% APY

1.50% APY

6 months

1.50% APY

1.60% APY

1.75% APY

9 months

1.55% APY

1.65% APY

1.80% APY

12 months

1.75% APY

1.85% APY

2.00% APY

18 months

1.80% APY

1.95% APY

2.05% APY

3 years

1.85% APY

2.00% APY

2.10% APY

5 years

2.25% APY

2.40% APY

2.50% APY

[/Chart-AllyBankHighyieldCDRates]

Rates current as of 3/1/2018

The High Yield CD is a more traditional CD featuring a fixed term and interest rate until maturity. You can choose terms anywhere from 3 months to 5 years, with varying APYs. This type of CD has the highest rates compared with the Raise Your Rate and No Penalty CD. The highest rate is 2.25% APY for a five-year term, with no minimum deposit.

With the High Yield CD however, you are subject to an early withdrawal penalty. The penalty charged depends on your CD terms. Usually the longer the term, the more interest you’ll be charged. Currently, the maximum you may be penalized is 150 days of interest. If the interest you’ve earned so far is less than the penalty, the rest will be deducted from the balance in your CD.

[Chart-AllyBankRaiseYourRateCD]

Term

APY

2 years

2.00% APY

4 years

2.00% APY

[/Chart-AllyBankRaiseYourRateCD]

Rates current as of 3/1/2018

The Raise Your Rate CD gives you the option to raise your rate during your term, once for a two-year term, and twice for the four-year term. You’ll get the opportunity to do so if the rate goes up and your balance tier increases. Currently, the APY is lower than the High Yield CD, which could mean that you earn less in interest.

Like the High Yield CD, you will also be subject to early withdrawal penalties. For a two-year term, you’ll be charged 60 days interest; it’s 120 days of interest for the four-year term. Like the High Yield CD, the penalty may de deducted from your CD’s balance if the interest you’ve earned is lower than the penalty amount.

You also cannot make partial withdrawals.

[Chart-AllyBankNoPenaltyCD]

Up to $5K

$5K-$25K

$25K+

11 months

1.15% APY

1.25% APY

1.50% APY

[/Chart-AllyBankNoPenaltyCD]

Rates current as of 3/1/2018

The No Penalty CD is only offered for 11 months. This type of CD may be suitable for those who may want to withdraw their money before the term is up — for instance, in an emergency or when you reached your short term savings goal.

There is no penalty for withdrawing your money early, after the first six days. However, if you don’t plan on withdrawing your money for a few years, you may want to consider the other two options for higher interest rates.

LEARN MORE

Member FDIC

Ally Bank Savings Account Rates

There are virtually no fees with an Ally savings account, no minimum balance requirements, and high interest rates.

[Chart-AllyBankSavingAccount]

APY

Minimum Amount to Open

Monthly Fee

1.45% APY

No minimum

none

[/Chart-AllyBankSavingAccount]

Rates current as of 3/1/2018

With Ally Bank’s savings account, you can access funds online or via their app by making an ACH transfer (wire transfers are subject to a fee) or by requesting a check. You can make deposits either with an ACH transfer or via Ally eCheck DepositSM.

However, you do not get a debit card with a savings account, meaning you cannot deposit or withdraw cash from your account. You’re also limited to six withdrawals per statement cycle, although you can make unlimited deposits. If you make more than six, you’ll be charged $10 per transaction. Other fees include overdraft fees, cross border transactions, expedited delivery and returned checks.

While we consider Ally Bank to be one of the best online savings accounts, other online savings accounts have higher APYs as high as 1.60% APY with no minimums and monthly fees. However, not all banks offer a mobile banking option.

LEARN MORE Secured

on Ally Bank’s secure website

Member FDIC

Ally Bank Money Market Account Rates

While Ally Bank’s money market account has some useful features, you can easily find higher rates at other banks.

[Chart-AllyBAnkMoneyMarketAccountRates]

APY

Minimum Daily Balance

Monthly Fee

0.90% APY

Up to $5,000

$0

1.00% APY

$25,000

$0

[/Chart-AllyBAnkMoneyMarketAccountRates]

Rates current as of 3/1/2018

Ally Bank’s money market account rate isn’t the greatest rate you’ll find out there by a long shot — you can easily find money market rates as high as 1.60% APY elsewhere. You can even score a better rate by parking your cash in a regular Ally Bank savings account.

Still, Ally Bank’s Money Market Account has some useful features. You get a free debit card and checks with a money market account. There is no minimum amount to open the account and no monthly fees. There are no fees if you withdraw cash from any Allpoint ATM, but you will be reimbursed up to $10 per statement cycle for fees charged at other cash machines nationwide. You’re also limited to six transactions per statement cycle like the online savings account, though you get unlimited ATM withdrawals. You also don’t get access to online bill pay like you can with a checking account.

LEARN MORE Secured

on Ally Bank’s secure website

Member FDIC

Ally Bank Checking Account Rates

Ally Bank’s checking account provides beneficial features to account holders, but their rate is on the low end compared to other banks.

[Chart-AllyBankCheckingAccount]

APY

Minimum Balance Amount

Minimum Amount to Open

Monthly Fee

0.10%

none

none

none

0.60%

$15,000

none

none

[/Chart-AllyBankCheckingAccount]

Rates current as of 3/1/2018

Ally Bank’s interest checking account gives you access to online bill pay, transfers between bank accounts, an option to send money to others, as well as free checks and a debit card. There are no minimum amounts to open an account but you’ll get a higher interest rate if you can keep your minimum balance at $15,000. Although we consider Ally Bank to have an all-around great checking account, compared with other banks’ checking accounts, their APY is on the low end.

But, as previously noted, if your minimum balance amount is greater than $15,000, Ally will offer a better rate.

You can send money to friends and family with Zelle®. All you need is the person’s mobile number, email address or bank information, and funds will be transferred via Ally’s app or online. If you link your account to a savings account, you can get free overdraft protection. And you can make unlimited transactions, unlike with the online savings account.

In addition to online transfers, you also get a MasterCard® debit card. Although you cannot make cash deposits, you can easily withdraw cash from any ATM. There are no fees if you take money out from any AllPoint ATM in the U.S. For other domestic ATMs, you’ll get reimbursed a maximum of $10 per statement cycle.

However, if you use your debit card outside the U.S., you’ll be charged a 1% transaction fee. You’ll also be charged a $25 overdraft fee if you don’t have a savings account or didn’t link them together. If you want same-day or overnight bill pay, you’ll be subjected to a fee. Other fees include stop payments, rush delivery (debit card/checks) and returned deposits.

LEARN MORE Secured

on Ally Bank’s secure website

Ally Bank IRA CD Rates

IRA CD rates at Ally Bank are some of the highest and they’re tiered like their regular CDs.

Ally Bank’s IRA CDs come in terms from three months to five years. Accounts are available as a Traditional, Roth, or SEP IRA, and interest is compounded daily. When the IRA CDs mature, you have a 10-day grace period to withdraw your money or it’ll be automatically renewed. You also have the option to do a rollover to Traditional or Roth IRAs. Both IRA CDs will offer the best rate within 90 days after account opening, or when you fund your account.

Similar to their regular CD rates, Ally Bank offers high rates on their IRA CDs and they don’t require a minimum balance to earn the APY.

[Chart-AllyBankIRAHighYieldCdRates]

Up to $5K

$5K-$25K

$25K+

3 months

1.00% APY

1.25% APY

1.50% APY

6 months

1.50% APY

1.60% APY

1.75% APY

9 months

1.55% APY

1.65% APY

1.80% APY

12 months

1.75% APY

1.85% APY

2.00% APY

18 months

1.80% APY

1.95% APY

2.05% APY

3 years

1.85% APY

2.00% APY

2.10% APY

5 years

2.25% APY

2.40% APY

2.50% APY

[/Chart-AllyBankIRAHighYieldCdRates]

Rates current as of 3/1/2018

The High Yield CD IRA is best for those looking for a short-term option or seeking a higher rate for longer terms. The highest rate offered is for the five-year term with no minimum deposit. For those interested in creating CD Ladders, this type of account offers an excellent opportunity.

However, there are early-withdrawal penalties which vary depending on your CD IRA terms. You’ll be charged more the longer the term. The minimum you’ll be charged is 60 days of interest with a IRA 18 months or less, and 150 days of interest with terms longer than 48 months. Usually the longer the term, the more interest you’ll be charged. Currently, the maximum you may be penalized is 150 days’ interest.

[Chart-AllyBankIRARaiseYourRateCD]

Term

APY

2 years

2.00% APY

4 years

2.00% APY

[/Chart-AllyBankIRARaiseYourRateCD]

Data as of 3/1/2018

The Raise Your Rate CD IRA gives you the chance to increase your rate if your balance tier or the rate for your term increases. You can do this once for a two-year term account and twice for a four-year account. This account is best for those who believe interest rates will go up.

There are no minimums with this account, but you may be subject to a maximum amount depending on the type of IRA you choose. You’re also subject to early-withdrawal penalties. A two-year IRA will be charged 60 days of interest; it’s 120 days for a four-year account. If you’re under the age of 59.5, you may also have to pay another 10% to the IRS.

LEARN MORE Secured

on Ally Bank ’s secure website

Ally Bank IRA Savings Account Rates

Ally’s IRA savings doesn’t come with early withdrawal penalties, but you can get higher rates with a long-term IRA CD.

[Chart-AllyBankIRASavingsAccountRates]

APY

Minimum Amount to Open

Monthly Fee

1.45% APY

none

none

[/Chart-AllyBankIRASavingsAccountRates]

Data as of 3/1/2018

The rate for the IRA Online Savings is variable, meaning it may change after you open an account. Though the rate is lower compared with the other IRA options, you’re not subject to an early-withdrawal penalty, though the IRS may tax you if you’re under 59.5.

If you do make early withdrawals, you’re only allowed a maximum of six per statement cycle. You get charged $10 for each transaction over that amount. To access your money, you’ll need to request a distribution.

LEARN MORE Secured

on Ally Bank’s secure website

Conclusion

You don’t need to rely on your brick-and-mortar bank for competitive rates, products, and customer service. Ally Bank provides products at competitive rates, with convenient access via their mobile app or online portal.

Ally’s no-minimum opening deposits and fees make it more accessible to everyone. Its online accounts for checking and savings cover all the basics, and with no maintenance fees.

Because there are a growing number of alternative online banks these days, it’s important to compare rates at a number of banks to find the best deal possible. Depositaccounts.com, also owned by LendingTree, is a great research tool you can use to compare rates easily online.

The post An In-Depth Review of Ally Bank’s Rates appeared first on MagnifyMoney.

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Ally Bank CD Rates: November 2021

Ally Bank offers seven CD terms, ranging from three months to 60 months. The bank’s CD rates tend to be competitive among online banks, especially for its 18-month CD. Rates range from 0.15% APY for a three-month CD to 0.80% APY for a 60-month CD. There is no minimum deposit requirement to open a CD.

Here’s an overview of Ally’s High Yield CD rates. Rates are accurate as of Nov. 28, 2021.

Overview of Ally Bank CDs

Ally Bank offers high-yield CDs with competitive rates and no minimum deposit requirement. Interest on Ally CDs compounds daily and is either credited to your account annually or at maturity, depending on your term length.

Ally CDs automatically renew following the 10-day grace period after the maturity date. During the grace period, you can also choose to change term lengths, add or withdraw funds, or close the CD.

Like most banks, Ally Bank charges a penalty any time you withdraw funds before your CD reaches maturity. Early withdrawal penalties on Ally CDs range from 60 days’ interest to 150 days’ interest, depending on your CD term.

Also available from Ally Bank are two other CD types: Raise Your Rate CDs and No Penalty CDs. Raise Your Rate CDs, available for either two- or four-year terms, allow customers to increase their CD rate (0.55% APY) one to two times, depending on the CD’s term length, if rates go up on CDs. The 11-month No Penalty CD earns 0.50% APY and allows you to withdraw your full balance, including interest earned—at any time after the first six days from funding—without paying a penalty.

How Much Can You Earn With Ally’s CD Rates?

CDs are a great way to earn extra savings if you have funds you don’t need access to right away. The amount of interest you’ll earn with an Ally CD depends on your account balance and CD term length.

Here’s what you can earn with Ally’s High Yield CDs with a $10,000 investment, assuming the earnings are compounded daily:

How Ally’s CDs Compare

Ally offers some of the best CD rates you’ll find. That’s especially impressive, considering there is no minimum deposit requirement. The rate on its 18-month CD is particularly competitive. Like most online banks, Ally’s CD rates are much higher than the national average, according to the FDIC.

Always compare CD rates at several banks and credit unions to get the best rate possible. You want to receive the highest possible return on your investment.

About Ally Bank

Ally Bank is a full-service online bank offering an assortment of personal banking products and services, including checking, savings, money market, CD accounts, mortgages, auto and personal loans, and investment and retirement services.

Founded in 2009, the popular online bank is known for its low fees, competitive rates, and 24/7 customer service. Ally Bank is based out of Sandy, Utah.

Frequently Asked Questions (FAQs)

What do you need to consider before opening a CD?

Before opening a CD account, be sure that you won’t need access to those funds for the length of your desired CD term. It’s also a good idea to compare rates, minimum deposit requirements and early withdrawal penalties to help ensure you’ve found the best CD for you.

What are the pros and cons of a CD?

In studying the pros and cons of CDs, you will find that CDs may offer more competitive rates than savings and other deposit accounts. Also, CDs at banks are FDIC insured up to legal limits, so your deposits are safe. CDs come with fixed interest rates, which means you’ll still earn a competitive rate even if rates drop. Unfortunately, this also means you’ll lose out on more earned interest if market rates increase during your CD term. Also, if you need access to your funds before your CD term ends, you’ll usually end up paying a costly early withdrawal penalty.

Do all CDs charge an early withdrawal penalty?

No, not all CDs charge early withdrawal penalties. Some banks, like Ally, offer no-penalty CDs that allow you to withdraw your full balance during your CD term without penalty.

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Источник: https://www.forbes.com/advisor/banking/ally-bank-cd-rates/

Ally Bank Certificate of Deposit (CD) Rates Review

Ally Bank  CDs

Imagine your money growing faster than the top online savings accounts without any added risk.

Certificates of deposit (CDs) can do that for you.

Because the money isn't meant to be withdrawn until maturity, banks offer higher interest rates on CDs.

That's also why they're so good for long-term savings.

Ally Bank is one major online bank that provides CDs to customers. It is already known for its great savings account.

Ally Bank’s lineup of CDs are ideal for this purpose because the CD rates are exceptionally high.

Depositors get the convenience of managing and tracking their own earnings, and with Ally being an online-only bank, there are fewer fees that could reduce your earnings than you might pay at a walk-in bank location.

In this Ally Bank CD Account review, we'll compare rates, fees, and services to other national and online banks.

Highly Competitive Rates Available

As one of the top online banks, Ally Bank offers an impressive lineup of CDs that surpasses most other deposit products you can find on the market.

And the rates never change for the life of your deposit. There's no need to worry about fluctuating interest rates.

So, how do Ally’s CD rates stack up? Ally offers three different CDs with a variety of terms, rates, and features:

  • High Yield CDs: Traditional CDs with terms between 3 months and 5 years
  • Raise Your Rate CDs: Special bump-up CDs with terms of 2 years or 4-years
  • No Penalty CD:  A special CD with a term of 11 months and 3 different rate tiers based on the deposit amount

Interest rates vary from CD to CD, so keep in mind which product suits your needs best.

With the exception of the 12-month CD and the 5-year CD, Ally's CDs have three rate tiers that increase as you deposit a larger amount of money.

On the Raise Your Rate CD, you have the chance to increase your interest rate once with the 2-year term option, or twice with the 4-year term -- if Ally’s interest rate increases during that time. It is a decent choice during times when interest rates are likely to be on the rise.

With the No-Penalty CD, note that the lowest rate tier may not even be able to beat Ally's amazing online savings rate.

However, with higher rate tiers on the CD, you would be able to earn a high rate than the savings account.

Tip: Find out exactly how much you'll have at maturity with a CD calculator.

Early Withdrawal Penalties

Maximizing your savings in CD requires a great deal of discipline, especially when your interest compounds daily.

You may be tempted to withdraw a little bit here, a little bit there, but remember that a CD isn’t like other liquid savings accounts; early withdrawals on a CD can trigger penalty fees that defeat the purpose of saving.

Early withdrawal penalties apply at all times for the High Yield and Raise Your Rate CDs.

Ally Bank CD Early Withdrawal Penalties

CD TermEarly Withdrawal Penalty
24 months or less60 days of interest
25 - 36 months90 days of interest
37 - 48 months120 days of interest
48 months or more180 days of interest

The No Penalty CD allows for penalty-free withdrawals of your balance and any earned interest after the first 6 days of opening your account.

Minimum Deposit Requirements

CDs are designed for folks who are serious about building up a solid investment, so larger minimum deposits are often required of borrowers to put the higher interest rates that come with CDs to go to work and do their thing.

Of course, this can be problematic for people who don’t have enough money to deposit.

Luckily, Ally Bank does not have a minimum deposit requirement for its CDs.

But, depositors should plan on making an initial investment of $5,000 to start saving.

You can earn a higher CD rate on Ally’s High Yield and No Penalty CDs when you have $5,000 invested -- and an even higher rate with a $25,000 deposit.

IRA Version

CD yields can be used for anything you want -- like saving for retirement -- but the dividends you earn on two of Ally’s CDs can be earmarked specifically for it.

The High Yield and Raise Your Rate CDs are also available in an IRA, or Individual Retirement Account, with the same terms and interest rates.

This can be a good alternative if you don’t have a 401(k) or another employer-sponsored retirement plan, or you’d like to supplement the retirement investment you already have.

On both CDs, you can choose between three IRA options:

  • Traditional IRA
  • Roth IRA
  • SEP IRA

Each account offers tax advantages that mean less money paid to the IRS and more in your pocket.

Traditional IRAs are tax-deferred, so you don’t pay taxes on your savings until you withdraw.

Roth IRAs allow for both tax-free growth and withdrawals.

And for small business owners, a SEP IRA gives employees a retirement planning option with the security and high yields of a CD in one.

Ally Bank recommends consulting with a tax professional before opening an IRA because there are contribution limits and other rules regarding IRA rollovers, transfers and conversions.

What Happens at Maturity?

When the CD hits maturity, it’s done earning interest, and you’re free to withdraw your funds, with all the interest you’ve earned and finance the goal you’ve been saving up for.

You can also automatically renew your CD, which will take all your compounded earnings and start them over in a new CD of your choice with Ally’s current APY Choosing this option means having a potentially higher deposit at your disposal, qualifying you for a better interest rate.

To get even more advanced, you can “ladder” several CDs, opening several accounts with different maturity dates.

Ally CDs Compared to Competitors

The first rule of choosing any type of bank account is to shop around.

You never know who might offer a better interest rate, or more attractive terms and conditions, or simply just for an easier user experience.

With that, take a look at how the CDs at some of these financial institutions stack up against Ally’s:

Synchrony Bank CDs

Synchrony Bank’s big extended family of CDs gives depositors the choice between a short-term, 3-month account up to 60 months, where you can make a deposit as low as $2,000 all the way up to jumbo deposits of $100,000 or more.

The longer the term, the higher the interest rate.

Like other CD products (as well as Ally Bank), Synchrony’s CDs are backed by FDIC insurance.

Goldman Sachs Bank CDs

GS Bank’s CDs further broaden your choices of where to invest your money.

The bank’s certificates are all about long terms and small minimum deposits, where you can put down as little as $500 starting at a 6-month CD, all the way up to socking away money in a 6-year CD with a high APY.

Goldman Sachs Bank USA customers have some added freedom and flexibility, too; open a CD and choose how much your monthly interest is disbursed, either to a Goldman Sachs Bank USA savings account or another account of your choice.

Discover Bank CDs

If patience is your virtue, one of Discover Bank’s CDs carries a 10-year term to grow interest to exponential proportions.

Ideal for laddering with other CDs of shorter terms, you can open CDs that mature more quickly, gain access to those funds, all while having another CD earning dividends for a longer time period.

Accessibility is another perk to Discover’s CDs. Terms start as low as 36 months, and minimum deposits start as little as $2,500.

Conclusion

Are these CDs a good choice and worth considering?

Yes. Any of the above banks and their CDs combine low-risk, secure savings with the stability of high interest rates that won’t vary or change with market conditions.

If interest rates drop to next to nothing, your CD will remain locked into its original rate for the life of the account.

Ally ekes out the others for the online and mobile guarantee it offers for its CD products, FDIC insurance, and customer service availability.

As for the products themselves?

We like the themed approach the bank takes for each CD, so whether you want to bump up your rate, save without penalty fees, or just tap into some high yields, Ally goes beyond the standard account approach to give customers a product worth investing in.

More:The Best CDs of the Year

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Источник: https://www.mybanktracker.com

Details

Star rate3.3
3-month APY0.15%
6-month APY0.25%
9-month APY0.3%
1-year APY0.55%
18-month APY0.6%
3-year APY0.65%
5-year APY0.8%
Early withdrawal penalty60 days interest for terms of 1 to 24 months
90 days interest for terms of 25 to 36 months
120 days interest for terms of 37 to 48 months
150 days interest for terms of 49 + months
Minimum deposit to open$0.01
Interest compoundingDaily
Star rate2.3
2-year APY0.7%
4-year APY0.7%
Early withdrawal penalty60 days interest for terms of 24 + months
120 days interest for terms of 48 + months
Minimum deposit to open$0
Interest compoundingDaily
Star rate1.5
11-month APY0.6%
Early withdrawal penaltyEarly withdrawal penalty not advertised
Minimum deposit to open$0
Interest compoundingDaily
Avatar

Review by

Peter Carleton

[email protected]

Peter Carleton is a writer that covers banking and investing, breaking down what you need to know about where you put your money. When Peter's not thinking about cutting-edge banking apps and robo-advisors, he runs a creative agency and spends his spare time cooking or reading.

Expert review

Ally Bank’s CDs are best for those looking to keep their savings locked away for a year or more. Depending on your term, you have the potential of earning up to 0.8% APY. You have a variety of CDs to choose from with flexible terms making it easy to find a product that suits your financial needs.

However, it doesn’t have any branches, meaning you can’t visit a teller to make a deposit or get help with your account.

Ally makes it easy to open an account online, by phone or by mail:

How to open an Ally CD online:

  1. Go to the provider’s site and follow the steps to apply.
  2. From the the Ally website, click on Bank and then Open Account.
  3. Click on the CDs tab, then select which CD you’d like to open.
  4. Select whether you are a new customer, already have an Ally account or have started an application. Click Next step.
  5. Proceed through each step and enter all information as prompted.

How to open an Ally CD by phone:

Call 877-247-2559 to have a representative walk you through the process.

How to open an Ally CD by mail:

Find and print the application you prefer from Ally’s site, fill it out and mail it to the address on the form. Your application options include single or joint, custodial, trust, traditional-SEP IRA and Roth IRA.

Eligibility

To open a CD with Ally, you’ll need to meet the eligibility requirements:

  • Be a citizen or a legal permanent resident of the US.
  • Have a Social Security number.
  • Have a US mailing address.
  • Be at least 18 years old.

Required information

During the application process, you’ll be asked for the following information:

  • Social Security number or taxpayer ID.
  • Name, address and date of birth.
  • Driver’s license information.
  • Email address and phone number.

Funding options

During or after your application, you’ll need to fund your account. You can use the following methods:

  • Mail a check.
  • Make an online transfer from an Ally bank account.
  • Make an ACH transfer from a non-Ally bank account.
  • Ally High Yield CDs. Grow your money quickly with interest rates between 0.15% and 0.8%, terms between three and 60 months and interest compounded daily.
  • Ally Raise Your Rate CDs. This account offers a competitive 0.7% APY that can increase over time depending on your balance and Ally’s rates.
  • Ally No Penalty CD. If you want access to your money with a higher interest rate than a standard savings account, this option may be right for you.
  • Ally IRA CD. If you are looking for a way to step up your retirement savings, you might want to look into IRA High Yield CD, IRA Raise Your Rate CD and IRA Online Savings. They are available as a Traditional, Roth and SEP IRA.

Regardless of which FDIC-insured certificate of deposit you choose, you’ll get competitive rates, around-the-clock support, easy online access and several other benefits:

  • Compound interest. Interest is compounded daily to help your savings grow faster.
  • Transparency. All fees and charges are disclosed, making it easy to keep more of your money.
  • No maintenance fees. Ally’s CDs don’t have monthly maintenance fees, helping you reach your savings goals faster.
  • Ally’s Ten Day Best Rate Guarantee. If you fund your account within 10 days of opening, you’ll get the best rate Ally offers, even if it increases during that time.
  • Numerous terms. Ally allows you to choose from a variety of term lengths to find one that best suits your financial needs.
  • No minimum deposit. While most CD opening deposits range from $250 or more, you only need $0.01 to start earning interest on a CD with Ally.

Ally has a lot of strengths, but there are still a few potential drawbacks to be aware of:

  • No branches. Ally operates entirely online, so you won’t have access to branches or ATMs.
  • No partial withdrawals. Some banks and credit unions allow you to make partial withdrawals. Ally doesn’t.
  • High withdrawal fees. Compared to similar banks, Ally charges higher fees if you withdraw from your CD before maturity.
  • Small product selection. While Ally has checking and savings accounts, it doesn’t offer business or brokerage accounts and many types of loans.
  • Interest postings. Some banks post interest earnings to your account immediately, but Ally doesn’t. On terms of 12 months or less, interest is credited at maturity. On terms greater than 12 months, interest is credited annually at year’s end.

If you prefer in-person banking, you’ll want to keep looking. As always, compare your options when choosing a CD.

Once your CD reaches its maturity date, you’ll have a 10-day grace period to decide between the following five options:

  1. Renew the CD
  2. Change the term
  3. Withdraw your money
  4. Make additional deposits
  5. Close the CD

If you don’t make a decision, your CD will automatically renew at the end of the 10-day grace period.

If you need to withdraw your funds before the maturity date, it’s important to be aware of the early withdrawal penalties:

High Yield CD

  • Less than 24 months: Pay 60 days of interest
  • 25–36 months: Pay 90 days of interest
  • 37–48 months: Pay 120 days of interest
  • 49 months or more: Pay 150 days of interest

Raise Your Rate CD

  • 2 years: Pay 60 days of interest
  • 4 years: Pay 120 days of interest

No Penalty CD

You can withdraw your full balance plus interest any time after the first six days of opening your account and won’t be charged any fees.

Ally makes it easy to get in touch with customer service if you have any questions, concerns or issues:

  • By phone: 877-247-2559
  • By email: Log in to your account to send a secure email
  • Yes. The early withdrawal penalties will be waived if the account owner passes away or is deemed unfit to manage the account.

  • No. You can only add funds during the initial funding. However, you can add funds when your account matures if you choose to renew.

  • Yes. In fact, some people use something called a CD ladder, which involves opening multiple accounts with different terms to get periodic access to their money.

  • No. Ally does not accept cash, foreign currency or savings bonds.

  • No. Ally’s CDs are completely free to open, and you’re not charged a monthly maintenance fee.

CDs ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We rate CDs and share certificates on a scale ranging from one to five stars based on what matters most to you. We consider two factors equally when rating CDs: minimum deposits and annual percentage yields (APYs) relative to term length. If a bank requires a different minimum opening deposit depending on the chosen term, we rate the CD based on the average minimum deposit across all terms. And although some institutions offer CDs with terms ranging from one week to 20 years, we only consider term lengths the FDIC uses in its monthly updates on national rates.

Read the full methodology of how we rate CDs.

Источник: https://www.finder.com/ally-bank-cds

Star Wars: The Old Republic Developers Look Back on 10 Years, and What's Next

The stars of Star Wars: The Old Republic's latest expansion, Legacy of the Sith, prepare for battle.

Star Wars’ Expanded Universe has lived on in myriad ways since it came to an official end in 2014, when Lucasfilm and Disney wiped the slate of continuity clean. While some elements and characters have rejoined canon, and re-releases of classic EU comics and books give chances to re-explore what was, one enduring EU stalwart is ready for more: Bioware’s choice-driven MMO, The Old Republic.

As the MMO turns 10 this year, The Old Republic finds itself at something of a strange crossroads. Unlike many Expanded Universe products, its status as a living, ongoing online game allowed it to escape the end its fellow EU stories were confronted with when Disney and Lucasfilm announced their plans to reboot Star Wars canon, pared down to, at the time, the original and prequel movies, Clone Wars and Rebels, and a handful of new Star Wars publishing items. A decade later, The Old Republic endures, having become a free-to-play game. Many of its ideas and influences can be now felt in current Star Wars projects like the High Republic transmedia initiative, itself its own tale of that “more civilized age” before the Republic fell.

The Old Republic’s connection to its spiritual successor, Bioware and Obsidian’s beloved duology Knights of the Old Republic and its sequel, The Sith Lords, has seen its legacy live on in projects like next year’s KOTOR remake, and even lingering rumors and wishes that Lucasfilm will revisit the era with new cinematic projects. Even as the company’s relationship with the EU has re-warmed—mostly through the chance to merchandize the past with re-releases and Star Wars’ greatest love of all, new toys—The Old Republic has largely been left to its own devices, telling its own continuation of an era thousands of years before the films, one where the Sith Empire and the Republic have waxed and waned in a cycle of conflict. Which means its developers, coming into its latest expansion—Legacy of the Sith—don’t really have much of a challenge when it comes to how to keep The Old Republic and the era it represents alive. Their concerns are, naturally, more about how to keep players invested and active in shaping the story of characters they’ve been playing for the best part of a decade, in a story that lets them determine a lot of moments, big and small.

“It’s got to be that there’s so many choices and options, right?,” Charles Boyd, one of the creative directors on The Old Republic at Bioware Austin, mused of the game’s biggest challenges at a recent press conference to discuss Legacy of the Sith and The Old Republic’s legacy itself. “We do have the benefit of 10 years of story, and 10 years of branching options and storylines, and characters and classes having separate experiences—which is awesome, because whenever we’re like, ‘What do we want to do next?’ we have all this stuff we can look at and say, ‘It’d be cool to continue that piece,’ or ‘Here’s a new thing, how can we ground it in something players know?’”

Image for article titled Star Wars: The Old Republic Developers Look Back on 10 Years, and What's Next

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But that freedom can also be a blessing and a curse for The Old Republic’s writing team. There are a lot of threads to pick up on—whether they come from the original, class-specific story arcs the game launched with a decade ago, or more more broadly from recent, largely centralized plot lines like those found in Knights of the Fallen Empire and its successor, Knights of the Eternal Throne. But that means there are also myriad inflection points of player choices along the way in those arcs to consider, too. “More than anything, we want players to feel like they’re having a Dungeons and Dragons tabletop experience—where it’s you and a DM and it’s tailored to your choices and past experiences, your future choices and all that. That’s really hard to do when you’re not in the room,” Boyd said. “It’s definitely a challenge when you try to foresee what players will want to do in any given situation and build a story around that without exploding the scope of everything. So, finding that careful balance of player agency and respecting your choices, of playing off your choices, while also telling a cohesive, continuous storyline going forward, it’s my favorite part of building this game—but, it’s also probably the most challenging, for sure.”

That will come to a head when Legacy of the Sith arrives as the game’s latest expansion next month. Not only does the new expansion include a bevy of major mechanical changes that allow players to adopt the combat styles of other classes to change the way they play their own character, narratively the expansion will set both Republic and Sith-aligned heroes alike against one of The Old Republic’s most iconic characters: the Sith Lord Darth Malgus, who has been foe, uneasy ally, and now rogue agent over the years since players first met him. Malgus first returned to The Old Republic in a major way in the last expansion, Onslaught. But the Sith has now gone rogue with his own plans to uncover ancient powers beyond the Republic and Sith Empire’s control, even as the two sides find their cyclical war growing even hotter coming into Legacy of the Sith. There, the Empire invades the watery planet of Manaan in an attempt to force the neutral Selkath people into supplying their medical prowess—as the exclusive home of naturally occuring Kolto, the healing liqud that preceded the Bacta tubes we see in the original Star Wars movies—to the Imperial war effort.

Image for article titled Star Wars: The Old Republic Developers Look Back on 10 Years, and What's Next

“Darth Malgus is probably our most recognizable character, our Sith Lord, he first appeared in the cinematic trailers that preceded SWTOR, so he’s been around longer than 10 years in the players’ minds. He was a warrior for the Empire, he ended up breaking away, trying to do his own thing. Didn’t go so well because the players stopped him. He was presumed dead for many years, but being more machine than man, he survived and has returned to the story in our storyline for the most recent expansion, Onslaught,” Boyd teased of where Malgus has been—and where he’s about to go in Legacy of the Sith. “[He was] seemingly working for the Empire until he managed to break free, yet again, and now he’s gone rogue. He has his own plans. No one knows exactly what they are, but we know they’re not good. So players are eager to discover his secrets, and stop whatever he’s planning before he can pull it off.”

As players prepare to hunt Malgus once again, and even with that strange limbo it finds itself in in relation to its “canonical” cousins a decade on, the SWTOR team still has plenty of ideas about how to keep its pocket of the galaxy far, far away alive. Legacy of the Sith is a celebration of everything that has come so far for the MMO, but it’s far from the end. “We’ve laid out with EA the next couple of years—our five year plans,” Keith Kanneg, The Old Republic’s project director, said of the game’s future. “‘What do we want? What do we have? Where are we going?’, that type of thing. Really, this is a foundation year for us, even though it’s 10 years into our life cycle. We looked into it and said, ‘If we want to last another 10 years, we have to do a lot of improvements, a lot of changes, find where we’re going, where our story is going’—so, where do we see it [with Legacy of the Sith]? Kind of the start of the next 10 years.”

“That’s exactly how I’d put it, too. We want to build on all this amazing storytelling and the choices the players have made to make their character unique up to this point—and keep that going,” Boyd added. “How many games get that opportunity to tell that continuous, branching interactive narrative? But then, at the same time, [we] recognize we have a 10-year-old game, so let’s update some things. Expand options as a player. Carry the game forward into the future.”

Legacy of the Sith, The Old Republic’s latest expansion, will launch on December 14.


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Источник: https://gizmodo.com/star-wars-the-old-republic-developers-look-back-on-10-1848085158

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Investing in CDs - Raise Your Rate CD at Ally.com

Ally Bank CD Rates: November 2021

Ally Bank offers seven CD terms, ranging from three months to 60 months. The bank’s CD rates tend to be competitive among online banks, especially for its 18-month CD. Rates range from 0.15% APY for a three-month CD to 0.80% APY for a 60-month CD. There is no minimum deposit requirement to open a CD.

Here’s an overview of Ally’s High Yield CD rates. Rates are accurate as of Nov. 28, 2021.

Overview of Ally Bank CDs

Ally Bank offers high-yield CDs with competitive rates and no minimum deposit requirement. Interest on Ally CDs compounds daily and is either credited to your account annually or at maturity, depending on your term length.

Ally CDs automatically renew following the 10-day grace period after the maturity date. During the grace period, you can also choose to change term lengths, add or withdraw funds, or close the CD.

Like most banks, Ally Bank charges a penalty any time you withdraw funds before your CD reaches maturity. Early withdrawal penalties on Ally CDs range from 60 days’ interest to 150 days’ interest, depending on your CD term.

Also available from Ally Bank are two other CD types: Raise Your Rate CDs and No Penalty CDs. Raise Your Rate CDs, available for either two- or four-year terms, allow customers to increase their CD rate (0.55% APY) one to two times, depending on the CD’s term length, if rates go up on CDs. The 11-month No Penalty CD earns 0.50% APY and allows you to withdraw your full balance, including interest earned—at any time after the first six days from funding—without paying a penalty.

How Much Can You Earn With Ally’s CD Rates?

CDs are a great way to earn extra savings if you have funds you don’t need access to right away. The amount of interest you’ll earn with an Ally CD depends on your account balance and CD term length.

Here’s what you can earn with Ally’s High Yield CDs with a $10,000 investment, assuming the earnings are compounded daily:

How Ally’s CDs Compare

Ally offers some of the best CD rates you’ll find. That’s especially impressive, considering there is no minimum deposit requirement. The rate on its 18-month CD is particularly competitive. Like most online banks, Ally’s CD rates are much higher than the national average, according to the FDIC.

Always compare CD rates at several banks and credit unions to get the best rate possible. You want to receive the highest possible return on your investment.

About Ally Bank

Ally Bank is a full-service online bank offering an assortment of personal banking products and services, including checking, savings, money market, CD accounts, mortgages, auto and personal loans, and investment and retirement services.

Founded in 2009, the popular online bank is jose hernandez mls for its low fees, competitive rates, and 24/7 customer service. Ally Bank is based out of Sandy, Utah.

Frequently Asked Questions (FAQs)

What do you need to consider before opening a CD?

Before opening a CD account, be sure that you won’t need access to those funds for the length of your desired CD term. It’s also a good idea to compare rates, minimum deposit requirements and early withdrawal penalties to help ensure you’ve found the best CD for you.

What are the pros and cons of a CD?

In studying the pros and cons of CDs, you will find that CDs may offer more competitive rates than savings and other deposit accounts. Also, CDs at banks are FDIC insured up to legal limits, so your deposits are safe. CDs come with fixed interest rates, which means you’ll still earn a competitive rate even if rates drop. Unfortunately, this also means you’ll lose out on more earned interest if market rates increase during your CD term. Also, if you need access to your funds before your CD term ends, you’ll usually end up paying a costly early withdrawal penalty.

Do all CDs charge an early withdrawal penalty?

No, not all CDs charge early withdrawal penalties. Some banks, like Ally, offer no-penalty CDs that allow you to withdraw your full balance during your CD term without penalty.

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Источник: https://www.forbes.com/advisor/banking/ally-bank-cd-rates/

Ally Bank Certificate of Deposit (CD) Rates Review

Ally Bank CDs

Imagine your money growing faster than the top online savings accounts without any added risk.

Certificates of deposit (CDs) can do that for you.

Because the money isn't meant to be withdrawn until maturity, banks offer higher interest rates on CDs.

That's also why they're so good for long-term savings.

Ally Bank is one major online bank that provides CDs to customers. It is already known for its great savings account.

Ally Bank’s lineup of CDs are ideal for this purpose because the CD rates are exceptionally high.

Depositors get the convenience of managing and tracking their own earnings, and with Ally being an online-only bank, there are fewer fees that could reduce your earnings than you might pay at a walk-in bank location.

In this Ally Bank CD Account review, we'll compare rates, fees, and services to other national and online banks.

Highly Competitive Rates Available

As one of the top online banks, Ally Bank offers an impressive lineup of CDs that surpasses most other deposit products you can find on the market.

And the rates never change for the life of your deposit. There's no need to worry about fluctuating interest rates.

So, how do Ally’s CD rates stack up? Ally offers three different CDs with a variety of terms, rates, and features:

  • High Yield CDs: Traditional CDs with terms between 3 months and 5 years
  • Raise Your Rate CDs: Special bump-up CDs with terms of 2 years or 4-years
  • No Penalty CD:  A special CD with a term of 11 months and 3 different rate tiers based on the deposit amount

Interest rates vary from CD to CD, so keep in mind which product suits your needs best.

With the exception of the 12-month CD and the 5-year CD, Ally's CDs have three rate tiers that increase as you deposit a larger amount of money.

On the Raise Your Rate CD, you have the chance to increase your interest rate once with the 2-year term option, or twice with the 4-year term -- if Ally’s interest rate increases during that time. It is a decent choice during times when interest rates are likely to be on the rise.

With the No-Penalty CD, note that the lowest rate tier may not even be able to beat Ally's amazing online savings rate.

However, with higher rate tiers on the CD, you would be able to earn a high rate than the savings account.

Tip: Find out exactly how much you'll have at maturity with a CD calculator.

Early Withdrawal Penalties

Maximizing your savings in CD requires a great deal of discipline, especially when your interest compounds daily.

You may be tempted to withdraw a little bit here, a little bit there, but remember that a CD isn’t like other liquid savings accounts; early withdrawals on a CD can trigger penalty fees that defeat the purpose of saving.

Early withdrawal penalties apply at all times for the High Yield and Raise Your Rate CDs.

Ally Bank CD Early Withdrawal Penalties

CD TermEarly Withdrawal Penalty
24 months or less60 days of interest
25 - 36 months90 days of interest
37 - 48 months120 days of interest
48 months or more180 days of interest

The No Penalty CD allows for penalty-free withdrawals of your balance and any earned interest after the first 6 days of opening your account.

Minimum Deposit Requirements

CDs are designed for folks who are serious about building up a solid investment, so larger minimum deposits are often required of borrowers to put the higher interest rates that come with CDs to go to work and do their thing.

Of course, this can be problematic for people who don’t have enough money to deposit.

Luckily, Ally Bank does not have a minimum deposit requirement for its CDs.

But, depositors should plan on making an initial investment of $5,000 to start saving.

You can earn a higher CD rate on Ally’s High Yield and No Penalty CDs when you have $5,000 invested -- and an even higher rate with a $25,000 deposit.

IRA Version

CD yields can be used for anything you want -- like saving for retirement -- but the dividends you earn on two of Ally’s CDs can be earmarked specifically for it.

The High Yield and Raise Your Rate CDs are also available in an IRA, or Individual Retirement Account, with the same terms and interest rates.

This can be a good alternative if you don’t have a 401(k) or another employer-sponsored retirement plan, or you’d like to supplement the retirement investment you already have.

On both CDs, you can choose between three IRA options:

  • Traditional IRA
  • Roth IRA
  • SEP IRA

Each account offers tax advantages that mean less money paid to the IRS and more in your pocket.

Traditional Bank of hawaii locations near me are tax-deferred, so you don’t pay taxes on your savings until you withdraw.

Roth IRAs allow for both tax-free growth and withdrawals.

And for small business owners, a SEP IRA gives employees a retirement planning option with the security and high yields of a CD in one.

Ally Bank recommends consulting with a tax professional before opening an IRA because there are contribution limits and other rules regarding IRA rollovers, transfers and conversions.

What Happens at Maturity?

When the CD hits maturity, it’s done earning interest, and you’re free to withdraw your funds, with all the interest you’ve earned and finance the goal you’ve been saving up for.

You can also automatically renew your CD, which will take all your compounded earnings and start them over in a new CD of your choice with Ally’s current APY Choosing this option means having a potentially higher deposit at your disposal, qualifying you for a better interest rate.

To get even more advanced, you can “ladder” several CDs, opening several accounts with different maturity dates.

Ally CDs Compared to Competitors

The first rule of choosing any type of bank account is to shop around.

You never know who might offer a better interest rate, or more attractive terms and conditions, or simply just for an easier user experience.

With that, take a look at how the CDs at some of these financial institutions stack up against Ally’s:

Synchrony Bank CDs

Synchrony Bank’s big extended family of CDs gives depositors the choice between a paul f tompkins cake boss, 3-month account up to 60 months, where you can make a deposit as low as $2,000 all the way up to jumbo deposits of $100,000 or more.

The longer the term, the higher the interest rate.

Like other CD products (as well as Ally Bank), Synchrony’s CDs are backed by FDIC insurance.

Goldman Sachs Bank CDs

GS Bank’s CDs further broaden your choices of where to invest your money.

The bank’s certificates are all about long terms and small minimum deposits, where you can put down as little as $500 starting at a 6-month CD, all the way up to socking away money in a 6-year T mobile refill account with a high APY.

Goldman Sachs Bank USA customers have some added freedom and flexibility, too; open a CD and choose how much your monthly interest is disbursed, either to a Goldman Sachs Bank USA savings account or another account of your choice.

Discover Bank CDs

If patience is your virtue, one of Discover Bank’s CDs carries a 10-year term to grow interest to exponential proportions.

Ideal for laddering with other CDs of shorter terms, you can open CDs that mature more quickly, gain access to those funds, all while having another CD earning dividends for a longer time period.

Accessibility is another perk to Discover’s CDs. Terms start as low as 36 months, and minimum deposits start as little as $2,500.

Conclusion

Are these CDs a good choice and worth considering?

Yes. Any of the above banks and their CDs combine low-risk, secure savings with the stability of high interest rates that won’t vary or change ally bank raise your rate cd rates market conditions.

If interest rates drop to next to nothing, your CD will remain locked into its original rate for the life of the account.

Ally ekes out the others for the online and mobile guarantee it offers for its CD products, FDIC insurance, and customer service availability.

As for the products themselves?

We like the themed approach the bank takes for each CD, so whether you want to bump up your rate, save without penalty fees, or just tap into some high yields, Ally goes beyond the standard account approach to give customers a product worth investing in.

More:The Best CDs of the Year

Continue Reading

Источник: https://www.mybanktracker.com

Ally Bank Interest Checking & Raise Your Rate CDs

A look at the Ally Bank Interest Checking account and the Raise Your Rate CDs.

There are a lot of banking products to keep track of lately. Some of those we monitor are from Ally Bank, which is actually known for online consumer bank products that are made easily accessible by their minimal fees and minimum balance requirements. Many of their products can be found in our list of high yield savings accounts and other savings options that we’ve previously covered here. Today though, we’ll focus on their interest bearing checking account and special raise your rate certificates of deposit. Following are the details:

Ally Bank Interest Checking Account

Ally Bank Interest Checking

Ally Bank boasts a free high yield checking account that has the potential to earn you the equivalent of interest you’d get from a high interest savings account. It’s called the Ally Bank Interest Checking Account with several features that you may like. Just like Ally Bank’s other savings products, this checking account is easy enough to start and maintain, given that it does not require a minimum deposit nor a minimum balance to keep around. Here’s a closer look at its features:

  • No minimum balance required. $0 to open an account. Can’t get easier than that!
  • No monthly fees
  • Maintain a balance of up to $15,000 and receive a 0.50% APY
  • Maintain a balance above $15,000 and receive a .80% APY
  • Free online bill pay and online banking
  • Free debit card
  • Unlimited check writing
  • Get cash back by using your debit card (at select retailers)
  • No ATM fees anywhere
  • Free alerts on your balance
Here’s how you can open an Ally Bank interest checking account.
Open an Ally Bank interest checking account.

But bear in mind that the bank will charge you for non-sufficient funds, stop payment and return deposits, although these are pretty standard fees I’ve seen levied by most banks. The one thing I’d like to point out is this: seriously, at the rate some of these banks (online or otherwise) are ratcheting down their rates, there doesn’t seem to be much of a competitive advantage between checking vs savings accounts anymore. Take for instance WTDirect, which is certainly considered a top high interest savings account. If you look at their account’s features, there is no longer much to be desired here, with the long term interest rate lingering at 0.15% for balances under $10,000 and 1.11% for balances reaching $10,000 and higher. So if you’re going to make a comparison here, even the Ally Bank Interest Checking Account looks like a better choice over the WTDirect Savings Account, since you get all the benefits of a checking account when you opt for the former.

Ally Bank 2 Year CD & 4 Year CD With Rate Increase Option

Ally Bank Raise Your Rate CD

In addition to the checking account, Ally Bank is replacing their 2 Year High Yield CD with one that has a “rate increase” option. It’s called the Ally 2 Year Raise Your Rate CD and it’s intended to give savers a bit of a break. Typically, when you open a CD account, you’re locked into the current rate for the full term of the CD. But with the Raise Your Rate CD, you have the opportunity to opt for one rate increase anytime during the term of the CD. So if rates go up anytime between now and the next two years, you have one chance to raise and lock in your rate at that level.

Given that we’re in a rate climate that hasn’t exactly been favorable for savers (it’s been a low interest environment for a while now, with no signs of a change in the trends), the “raise your rate” feature may offer a bit of insurance. Here’s how it works:

  1. Open an Ally Bank 2 Year CD and lock in your rate. The rate is currently at 1.18%.
  2. Monitor the CD rate on this product.
  3. If the rate goes up within the next 2 years (during the term of your CD), you have the option to lock in that new rate.
  4. Call Ally Bank at anytime to request the new rate.
  5. Receive the one time rate increase for the rest of your term.

But the 2 Year CD is not the only “Raise Your Rate CD” from Ally. They also offer a 4 Year CD which has a higher yield and which provides the option of a TWO time rate increase during the term of the CD. So make sure you compare these two products when you visit their site.

Find out more about the Raise Your Rate CDs from Ally Bank here.
Raise Your Rate CDs from Ally Bank

Created March 16, 2010. Updated August 19, 2011. Copyright © 2011 The Digerati Life. All Rights Reserved.

Источник: http://www.thedigeratilife.com/blog/ally-bank-interest-checking-2-year-cd-rate-increase/

Building a Smart Financial Plan During Inflation

Building a Smart Financial Plan During Inflation AWR SHOW: this mp3 audio file was automatically transcribed by Sonix with the best speech-to-text algorithms. This transcript may contain errors.

Producer:
Registered investment advisors and investment adviser piggy bank that counts money walmart act as fiduciaries for all of our investment management clients. We have an obligation to act in the best interest of our clients and to make full disclosure of any conflicts of interest, if any exist. Please refer to our firm brochure. The ADV to a Page four for additional information.

Producer:
Welcome to the Active Wealth show with your host! Ford Stokes Ford is a fiduciary and licensed financial advisor who places your needs first. He'll help you protect and grow your wealth. The Active Wealth Show has grown because activators like you want to activate their retirement planning with sound tax, efficient investing and now your host Ford Stokes

Ford Stokes:
And welcome the Active Wealth Show activators I'm Ford Stokes, your Chief Financial Advisor. I'm joined by Sam Davis, our executive producer. And Sam, you've got a very special welcome to the weekend edition since it's the last weekend before Thanksgiving, so hit them with a great weekend. Welcome.

Producer:
Welcome to the weekend activators. Dare I say, is this the first weekend of the holiday season? Everyone's out there starting to get some of their Christmas shopping done. I know I'm trying to pick up a few things every time I'm out and at the store, stocking stuffers and the like. You know, it's about to get ally bank raise your rate cd rates in the Atlanta area for the holiday season, but welcome to the weekend and enjoy it.

Ford Stokes:
Yeah, make sure everybody gets out there and gets their turkey a little bit earlier this year. I don't want to create a panic here for turkeys, but I've heard there's a little bit of a shortage on production and we want to take care of the activators on the show, right, Sam. So let's make sure activators you get out there and get your turkey now. Also, this is the last weekend before Black Friday. You might as well just go ahead and knock out a lot of your stuff and not try to wait on deals because I think the deal this year is going to be the actual product is there for you to buy.

Producer:
Yeah, that's that's a good point. You know, in the past, we're trying to get flat screen TVs half off, chase student loan national recovery group now we're just happy if something is is on the shelves and that's part of this new pandemic world that we live in. But yeah, got to get out there and get your turkey. I mean, what is your Thanksgiving dinner if you don't have your turkey there?

Ford Stokes:
So you've got to make sure you

Producer:
Got to have it covered, but a lot to be grateful for on this Thanksgiving holiday and make sure that you get your loved ones around you next week and have a good holiday.

Ford Stokes:
Also, and shout out to honey baked ham because we always get a honey baked ham for Thanksgiving in addition to the turkey, and just want to give a big shout out to them for making something that's just incredibly delicious. Great job honey baked ham and we're pulling for you. Also, we're extremely thankful for our activators. And if you're wondering who an activator is it somebody who listens to the show, It's somebody who wants a tax efficient fee, efficient and market efficient portfolio. It's also somebody who inspects what they expect. They want a successful retirement. They understand that with any situation, knowledge is power. And you know, when you deal with planning your retirement, it's kind of like going to the dentist. You don't want to go very often. You don't have to deal with it, sometimes less painful, sometimes more painful. And I would just encourage you to meet with your advisor at least once a year. We're we do that. We try to meet or talk to our folks on a quarterly basis. We also send them a monthly performance report account performance report so they can understand the performance of their account. So we're not just surprising them with, Hey, here's how your account did for the year at the end of the year during an interview. So that's a big thing. I also wanted to say I'm thankful for the opportunity to work with Sam Davis and just really appreciate it. We're thankful that you are our executive producer. We're thankful that you've helped build the Active Wealth Show to being the number one listen to radio show on the weekends on AM nine 20 answer and we just really appreciate you.

Producer:
Well, I'm very grateful to be a part of it as well. Thank you. Over a hundred episodes of the Active Wealth show to go back and listen to, and we don't have any plans to stop anytime soon. We're going to keep helping people out there and spreading the word.

Ford Stokes:
Well, we're super excited to work with you and just wish you and Bailey and your family all the best during this Christmas season. And congratulations to the Kansas Jayhawks for beating the Texas Longhorns. I think all of us are really excited to see that,

Producer:
Yes, that is an early holiday gift and and a very big one have only beat Texas four times. I believe in the history of Kansas playing football and the first first win in Austin and Kansas and Texas. Ladies and gentlemen, they've been playing football for over a hundred years. So this is this is quite an accomplishment.

Ford Stokes:
So this is top four % of the wins. Hey, nice job. All right. And so on today's show, let's talk about what we're going to talk about on this stage today show we're going to talk about how to build a smart financial plan. We're getting lots of requests on this because people just with runaway inflation, we're going to talk more about our the inflation here after we do kind of our market update and our inflation demonstration. And it's pretty remarkable for the for the city of Atlanta, by the way, the inflation we're number one by. The way folks in inflation and will back that up with a nice story here, but we're going to talk about a smart financial plan and let me give you the formula for a smart financial plan. A smart financial plan equals smart, safe investments. Plus smart risk investing plus smart income planning plus smart health decisions, plus smart tax planning as well. And so you've got smart, safe plus smart risk plus smart income plus smart health plus smart tax equals a smart financial plan if you don't have a solid plan in all those areas in a safe, secure environment for some of your investments. So you know that you're going to be able to generate income from a portion of your investments that typically is your bond replacement or your bond portion or portfolio that you want to do a better job with that.

Ford Stokes:
And that's an opportunity for you to improve. And also, if you don't have if you're just doing a buy and hold and just hang in there approach with your investments, you may want to think about investing in a tactical asset allocation and an actively managed portfolio model. That's probably a smarter way to do things. And then the other is, you know, directions to the nearest td bank you've got smart income, you want to figure out what your income is going to be during retirement. We we also call some of the smart financial planning results in advance planning. So we want to make sure that you see your retirement results in advance over your next 30, five plus years that you're going to be retired. I mean, let's face it, folks, we're all living longer. By the way, the CDC says that if if two spouses make it to age age sixty five, it's like 60 plus ally bank raise your rate cd rates chance that at least one of them's is to be age 90. And so we've got a plan for that longevity risk, but we've got to build a smart financial plan and we're going to talk about each one of those components on today's show. We're also going to give you a market update right now, and then we're going to talk about what's going on with inflation here in Atlanta. So let's hit with our market update.

Producer:
Sam, your Active Wealth market update.

Ford Stokes:
The number of Americans filing for unemployment benefits dropped to a new pandemic low last week as a job market continues to recover from the coronavirus pandemic. Figures released Thursday by the Labor Department showed that applications for the week ended November 13 fell to two hundred and sixty eight thousand from a revised two hundred sixty nine thousand a week earlier. The analysts surveyed by Refinitiv had projected the number of first time filings to decline to two hundred and ally bank raise your rate cd rates thousand. It marked the best level of jobless claims since March 14 20 20, when there were two hundred and fifty six thousand applicants, just as the COVID 19 pandemic began to shut down the nation's economy. Still, the number of Americans collecting unemployment benefits remained slightly above the 20 19 weekly average of two hundred eighteen thousand. The continuing claims, or the number of Americans who are consecutively receiving unemployment, fell to two point zero eight million, a decrease from one hundred and twenty nine thousand four the previous week. It marked another pandemic low from March 14 20 20 and when it was one point seventy seven million. The report shows that roughly three point one eight million Americans were collecting jobless benefits for the week ending October 30th and an increase of six hundred eighteen thousand eight hundred four from the previous week by comparison, just a little over one year ago.

Ford Stokes:
An estimated get this, folks an estimated twenty point eighty two million Americans were receiving benefits, and we wonder why we've got labor shortages and problems. People haven't gotten back out to work as much. They are getting back out there. It is improving. And now we kind of understand why we've got shortages, both in supply shortages and also in hiring shortages. It's unbelievable what's going on with the labor market. It's just literally incredible. The Labor Department reported last week there were ten point four million open jobs at the end of September. The little change from the end of August, it's still it's still a staggeringly high figure. There are about three million more open jobs than unemployed Americans looking for work, so there's plenty of opportunities to go find work out there. The number was also exacerbated by a record four point four million people who quit their jobs in September, representing about two point seven % of the country's workforce, according to Job Openings and Labor Turnover Survey. And now, Sam, let's go ahead and play the inflation demonstration for this week.

Producer:
It's time for an Active Wealth inflation demonstration.

Ford Stokes:
U.s. inflation last month rose at its fastest rate since 1990. It grew faster in Atlanta, more than any other major metropolitan area, propelled by increases in gas prices, apartment rents and the cost for goods. The Consumer Pricing Index for Metro Atlanta climbed seven point nine % in October from a year earlier, compared to the national average of six point two %, according to the Bureau of Labor Statistics. Let me tell you, folks, we have got to get a smart financial plan and deal with ally bank raise your rate cd rates inflation because you've got to make sure you stay invested and you grow with the economy because you don't want your money that you've worked so hard to earn and so hard to save. And it's harder to save it than it was to earn it going to get an amen on that one. We've got to do a much better job at planning our retirement and make sure that our money grows alongside this runaway inflation. And Sam, you know, we love Thanksgiving so much that we created a happy Thanksgiving guide. And you anybody can download it. It's absolutely free. You don't have to put your information in. Just visit Active Wealth Thanksgiving again ActiveWealth.com/Thanksgiving. It's got great recipes. It's got great stats on Thanksgiving and metrics about Thanksgiving. A little bit of history on Thanksgiving, but it's also got really neat coloring pages for the ally bank raise your rate cd rates at the kids table. So if you want a free coloring book with coloring pages that you can just download and print in black and white and hand out to the kids at the kids table, just visit ActiveWealth.com/Thanksgiving. That's Active Wealth.com/Thanksgiving.

Producer:
That's awesome. So you got something for the whole family, something for the kiddos, and then something for the grandparents out there as well. That's cool.

Ford Stokes:
Yeah, we just want to do something where we get to deliver it digitally. There's no like I said, we don't we're not looking for anybody to put their information in all they've got to do. It's a free download. Just visit Active Wealth Thanksgiving.

Late December, back in 63. Very special time for me, as I remember.

Producer:
Are you concerned about U.S. tax rates being raised by the Biden administration and how that will affect your retirement? Tune in to the Active Wealth Show with Ford Stokes, your chief financial adviser, to learn how you can reduce the taxes you pay before and during retirement. The Active Wealth Show Saturdays at noon and Sundays at 11:00 a.m.

Ford Stokes:
And welcome back activators, the Active Wealth Show, and we like to start off a lot of our segments with neat little mini segments, and what we're going to do is share our Beating the Bank CD segment this week.

Producer:
Need a higher rate of return from your safe money? Listen up. It's time to beat the bank.

Ford Stokes:
Cd rates bank CDs are offering between zero point zero five % at your traditional bricks and mortar bank. If you walk into a Bank of America, Truist, SunTrust, now Truist or any other in Wells Fargo, any of the other banks that here in the local Atlanta market, you're going to find that they're going to offer a zero point zero five % annual rate of return for one year bank CD, which is incredibly low to the point where you're in, especially in an environment where inflation is running away, you're just literally in a melting ice cube situation, losing money. So listen, if you can go to Ally Bank and other banks and get between zero point six and zero point six five % on a one year bank CD or a little bit higher with a to your bank CD. But those are internet banks. They're not bricks and mortar. You just don't know. The trust level is not as great with those. They're still have FDIC protection, but you just don't know. And also with if you're dealing with FDIC banking rules that there's a 10 % reserve, three to 10 %. But most banks that are over $100 million of deposits have to keep three to 10 %. But all that are over 100 million have to keep 10 % on hand of financial reserves. What we find is that because of the regulations with fixed indexed annuities and insurance products, the financial reserve requirement is 100 %.

Ford Stokes:
And for me, I would rather keep my money invested with a 100 % financial reserve product, then with a 10 % financial reserve product during the Great Depression. Zero hundred %. Financial reserve and insurance companies and annuity companies went out of business, whereas 60 % of banks closed their doors during the Great Depression and only 40 % of those banks actually reopened. So we want to do everything we can to protect our assets, and that's how to beat bank CDs is to find a shorter period, shorter term length, fixed indexed annuity. And we have those here at Active Wealth and you can feel free to visit us at Active Wealth and book an appointment with us by just clicking that set an appointment button in the upper right corner. Or you can call us at (77) 685-1777again seven seven zero six eight five one seven seven seven. We're happy to help you. We're trying to be smart, safe with our money here on this first part of our smart financial plan and investing in a shorter term fix. The next new, he's a really good idea. And so that's another example of smart safe. Another way to implement smart safe is to invest in a fixed indexed annuity that doesn't have an income rider. Because why are you going to pay in an annuity company to allow you to withdraw the money you gave them? There's no it makes no sense you want to invest in.

Ford Stokes:
A fixed index annuity that doesn't come with an income rider because you can still generate a five % penalty free withdrawal. Also, we've talked about on the show with withdrawal rates. If you can stay at that four % withdrawal rate, you're likely not going to run out of money. So if you've got a million dollar portfolio when you're taking $40000 or four % out of your portfolio each year, plus your Social Security is earning, let's say, thirty six thousand. You're living on seventy six thousand dollars a year. You're fitting within the four % rule and you're likely not going to run out of money. And you likely don't have to have a lifestyle change. And it's a really good idea to kind of implement a program and a plan like that. Well, if you invest with fixed indexed annuities, you can take up to like five, sometimes upwards of six and seven % of your money. And the money continues to grow with market like gains without market risk. And ally bank raise your rate cd rates like to also another really smart idea with smart safe is to invest in. Products that are illustrating with an index that is generating a higher rate of return than what your withdrawal rate will be, so therefore your money won't go to zero after 20 years. It's one of the the secrets about annuity.

Ford Stokes:
Sometimes it will go to zero after 20 years. Now let's also talk about how to build a personal pension. Only 16 % of all Fortune 500 companies still offer a personal pension, according to Yahoo Finance. So I'd encourage you to listen to this chapter from my new book, Annuity 360, on how to build a personal pension. Sam, let's go ahead and roll that chapter. Chapter nine. You can create your own is sugar free yogurt good for you pension. Big idea Using an annuity to create a personal pension helps you create a lifetime income stream, but it also helps you leave a legacy ally bank raise your rate cd rates your beneficiaries. All annuities can create annuity income to supplement the income you need before or during retirement. Those who are approaching retirement are afraid that they will run out of money, but an annuity can help make sure you have an income you can never outlive. An annuity can be a great investment for your portfolio, but encourage you to be careful that you don't overpay for your annuity. When you put your money into an annuity, the annuity company will pay you your money back at a date you specify. You don't want an annuity company to charge you too much to simply pay your money back to you. I'm confident that leaving a remarkable family legacy is important to you. You likely want to have money left over when you pass away to leave your beneficiaries. The goal of a personal pension is to generate lifetime income with no risk that grows your money and allows penalty free withdrawals.

Ford Stokes:
An annuity can create a lifetime income with market like gains and no market risk, while also allowing you to build enough wealth to leave for your beneficiaries when you pass away. Don't give the annuity company fees for doing nothing. We prefer fixed indexed annuities for our clients that do not have an income rider fee, but you can still create a personal pension without an income rider on your annuity. If you get an annuity with an income rider but don't utilize the features of that income rider, is chase bank open for presidents day you are not getting what you paid for. You are literally just paying the annuity company one to two % each year. You defer annuities using your annuity without receiving a single benefit for that annual fee. This income rider fee will also draw down your account value or principle. Depending on how that index is performing. The growth on your entire account value could be significantly and negatively impacted. Some accumulation focused annuities are built to deliver increasing payments without an income rider. You should consider the features your income rider is providing you before deciding to purchase it as an add on. Make sure south florida state college dental hygiene utilize the features you are paying for more ways to get the most out of your annuity. The longer you wait to turn on the annuity, the more you'll receive an annual payments. This is because your annuity will spend a longer time in the accumulation phase, meaning it will spend more time building up your account value.

Ford Stokes:
Your annual payments will grow as your account value grows. Believe it or not, you can generate your own personal pension by distributing no more than five % a year with penalty free withdrawals from your accumulation based annuity policy. Many accumulation annuities are set up to be armed friendly, so you won't suffer a penalty when you have to take your RMD. It would be silly for you to be penalized for something you are required to do. Annuity companies take this into account by creating products that make taking your RMDs easier. Inspect what you expect with any annuity. Don't just go with what the annuity agent or adviser tells you. Read it for yourself specifically, you should read the annuity illustration guaranteed and non-guaranteed tables included within the annuity illustration. Also, please remember that annuity policy is a contract between you and the annuity company, so caveat emptor or buyer beware applies here. Be aware of the annuity you are buying and choose an annuity that works best for you. They will help you build a successful retirement and they'll offer you peace of mind whether you choose to generate income through penalty free withdrawals or invest annually in an income rider. Know the consequences of both. This is a decision you will make at the beginning of the investment process.

Ford Stokes:
One poor decision here can cost you one to one and a half % of annual growth over a 30 year retirement. This could come out to be a significant loss. Educate yourself on your options and the specifics of each option you are considering. Making the right decision up front will save you a lot of frustration in the long run. Also, please remember that if you withdraw too much annually, say 10 %, you will run out of money in 10 to 12 years. Make sure that you're working with an advisor who can help you choose the appropriate withdrawal amount so that your money lasts for your entire lifetime. As discussed above, we recommend no more than five % be withdrawn each year from your account. And so we just heard a. How to build your personal pension from my new book, Annuity 360 and also listen, let me just recap what smart safe means smart safe means to get market like games without market risk. And we'll talk about smart income here and a little bit as well. We want to just take risk off the table. Harry Markowitz in Nineteen Fifty Two was given credit for the discoverer and the founder of Modern Portfolio Theory, and he just said, Hey, we take two non correlated assets that are on the same market. That means stocks and bonds traded on American markets like the New York Stock Exchange, and we take 60 % in stocks and 40 % in bonds.

Ford Stokes:
And when the markets go down, money should rush into bonds, and that should also give us income that we need. And that's great. Well, that's an almost next year. It will be a 70 year old strategy, and I would encourage you to consider a new 60 40. The new 60 40 would be 60 % equities, implementing it with ETFs, and we'll talk about that in the next segment and then 40 % kind of a combination between fixed index annuities and structured notes and try to avoid bonds almost altogether. Most people don't understand the types of bonds they hold in their portfolio. They don't understand what's the rate of return, what are the interest rates are the fry group real estate They don't understand the systematic and unsystematic market risk they're facing. They also don't understand that bonds are going with a go forward price to earnings ratio of over one hundred and fifty right now, metro vnb 83ba U.S. equities are right around twenty two to twenty three. So just take that risk off the table. That's my job as a fiduciary is to put your needs ahead of my own. Let's go ahead and do a bond replacement with a fixed indexed annuity. And also, maybe if we want to get slightly higher rate of return, we can we can sprinkle in some structured notes as well. But we'll talk about during smart risk on the next segment and we're so glad you're with us. Come right back.

If I had a

Producer:
Million dollars, if I had a million dollars, well, I'd buy you a house. I would buy you a house.

You saved my. I don't know why you say goodbye, I say hello

Ford Stokes:
And welcome back activators, the Active Wealth Show this is Ford Stokes your chief financial adviser and we're talking about how to build a smart financial plan right now. We've just finished talking about smart safe with investing in fixed index annuities and how to build your own personal pension as well. Next, we're going to talk about smart risk and what we implement here at Active Wealth and with our REA Brookstone Capital Management, we implement tactical asset allocation. We also do strategic investing, which is where we're not rebalancing quite as much, but we're strategically structuring the portfolios where we don't have to rebalance quite a bit, anticipating how things are going to go over the next 12 months, things like that. And another way to do that is to invest in to a structured note, which is a security it. It has a combination of derivatives and also an underlying index on how the performance of the index does. But we offered buffer. We offer buffered structured notes as part of our smart risk strategy as well. They can also be another alternative to bonds. The structured notes are this and basically there's a 30 % buffer as long as the S&P five hundred, the Russell 2000 and the Nasdaq 100 do not lose 30 % of their value. For the time that you purchase the structured notes and you can buy these structured notes in increments of a thousand dollars, is you literally your principle is protected and they're going to pay you a higher rate of return? And these these are offered by banks like Bank of America, Goldman Sachs, JP Morgan, Wells Fargo, Bank of Montreal, Citibank.

Ford Stokes:
These are some of the ones that we've invested with in the past, and because we don't charge a brokerage commission on the front end, we only charge our annual advisory and portfolio fee together. And usually for anybody who's listening, that's a zero nine five % here with Active Wealth to everybody who listens to the Active Wealth Show, which we think is incredibly great. Our normal fee is right around two % and we want to do everything we can to help you invest in a smarter financial plan that gets you a higher rate of return than what a bank CD is going to give you at zero point zero five %. As we talked about in the last segment, a structured note is a really good idea to consider. Also, you want to consider a structured note ladder where you ladder five of them in a row. And here's how that solana. You take one hundred thousand dollars, you take twenty thousand a month for five consecutive months, investing in five different structured notes with five different issuing banks with five different starting points of the indices with five different interest rates. And therefore you diversify your risk between the actual banks who offer these structured notes of one bank were to fail, the other four would be fine and which we are only working with AAA rated banks that are, you know, I'm doing air quotes of what people would consider too big to fail.

Ford Stokes:
And then also, we're doing it with five different starting points of the indices. So if there was a significant drop, what nwbi stock happen in March of twenty twenty when the pandemic hit and the lockdown happened? We would do everything we can to make sure that we're invested in four other notes, and therefore it's more than likely that the markets wouldn't go down another 30 % from where that notes prices were if the trigger was hit, but also if it goes down below the thirty thirty point threshold you're looking at. You know, your your money right in the market for the next 12 months. Now they're also these notes cannot be called before the end of month six, so they have to be there for six months, so they have to give you that rate of return. And by the way, our November note that just troy bank and trust mobile banking is now offering nine point seventy five % from Bank of America over the next 12 months. And we think that's a really good smart risk way of moving about it. But also investing in ETFs to accomplish your diversification goals is a really good idea as well. We try to avoid mutual funds because we want to be more fee efficient and you want to do everything you can to reduce your expense ratio within your portfolio. Also, you want to reduce your standard deviation. Standard deviation is a measurement of risk, and if you don't know what standard deviation is, you don't know what the definition of a standard deviation is.

Ford Stokes:
Then you probably should reach out to us at Active Wealth and schedule a free financial consultation. We've got to set an appointment button in the upper right corner, and you can just click that and we're happy to talk to you and you can get booked directly ally bank raise your rate cd rates my calendar. You'll talk directly with me, not with a down line advisor. We do have other advisors, but you'll be working with me and we look forward to talking to you. You can also just pick up the phone and give us a call. At (77) 685-1777again (77) 685-1777And we're going to help you. You're going to get a $500 value with free financial planning, including a free portfolio analysis and a free financial plan to your ninety fifth birthday, which we think is a really good idea. And we'll also include that with a Roth Ladder Conversion plan. If you have not implemented a Roth Ladder Conversion plan as part of a smart tax plan, then you should also call us as well. Now, the next element of a smart financial plan that we're going to talk about is smart income, smart income. We just we played our you can generate a personal pension, which is great, but it's great to generate income from a fixed indexed annuity or to generate income from a Roth Ladder Conversion where there's no tax coming out of it.

Ford Stokes:
On the Roth Ladder Conversion, when you withdraw money from a fixed indexed annuity that pays you out it. If it's especially if it's qualified money, you're going to get taxed on that money at your ordinary income tax rate. Now, let's go ahead and play a chapter from my new book Annuity 360 with reduced risk with annuities. This chapter, I think you're going to find a great way to generate smart income while also reducing risk. It's the same go ahead and play how to reduce risk within your portfolio with fixed indexed annuities. Chapter 16 Reduce risk in your portfolio with annuities. Big idea and annuity can protect against several risks that can affect retirees and pre-retirees and offer a better financial safety net than other investment types. One of the biggest benefits of investing in annuities is reducing risk in your portfolio. With current market volatility, pre-retirees and retirees are more concerned than ever about their retirement funds and protecting their hard earned wealth. We believe that annuities can be the answer to risks in your portfolio. Longevity risk retirees and pre-retirees are concerned about outliving their wealth. We have offered some strategies in this book that will stretch your retirement funds, such as following the four % rule, but annuities can offer even more protection against this fear. We are living longer, so it is important to plan for at least three decades of retirement. An annuity can help create an income you can never outlive.

Ford Stokes:
Your money will last for your entire retirement by utilizing monthly, quarterly or yearly distributions from your annuity account after your money grows during the accumulation phase. Market risk fixed index annuities can protect you from market risk. These annuities are not actually invested in the market. They are only tied to a specific market index. This means that you enjoy all the benefits of your market index when it performs well, but you are not exposed to any of the market risks should your index perform poorly. You will either make money or remain flat. Inflation risk annuities can offer riders that can help you adjust for inflation, even though a rider might reduce your payout. Protecting yourself from inflation will ensure that your money lasts and is not exposed to any unnecessary risk. It is important to have an annuity with a payout linked to the Consumer Price Index, or CPI, instead of one that increases at a fixed rate each year to ensure you are protected against inflation risk in annuity, the increases at a flat rate each year does not offer sufficient protection against inflation. Sequence of return risk and annuity with a lifetime withdrawal benefit can counteract the effects of a down market at the start of your retirement. Research conducted by retired one has shown that you can flip 15 years of returns from retiring during a recession to retiring during a market that is up and completely changed your retirement outlook. The positive returns would offset your withdrawals and grow your assets before your account felt the effects of a negative return.

Ford Stokes:
Consider a smart safe plan with a smart safe plan. Your money is invested, not in the market. The characteristics of investing not in the market include growth was safety market upside limited to no downside principal and gains protection. Low cost zero to one % annual fee time horizon of seven to 14 years can earn five to seven % annually. Options are available for guaranteed income. Here are some examples of not in the market investing bank CDs. The annual %age yield API is about one to two %. Your time horizon is typically one to three years, and you cannot access the funds until the contract is up. Treasurys the API is about three %. Your time horizon is 10 years, and you cannot access the funds until the 10 years is up. Fixed annuities The annual %age yield is between three and four %. Your time horizon is typically four to seven years. You are able to access the funds during the contract period. Multiyear guaranteed annuities, or Midas, you get between two and four % growth on your principal, depending on the duration of your policy. This is less growth than a fixed indexed annuity, but it is guaranteed the annuity company is required to pay you the rate they promised for the duration of your policy. Fixed indexed annuities you receive between five and seven % growth on your principal. The time horizon is seven to 14 years and you do have access to the funds in your account if you need them.

Ford Stokes:
A smart, safe plan does not invest your money directly in the market. Your investment is tied to an index without being invested directly in it. This means that you get a portion of the market gains without the market risk. You may want to consider investing in a fixed indexed annuity over other not in the market options if you invest in Treasuries or CDs. You will lose ground in your investment due to inflation. Investing in a fixed index annuity will likely cut down on your inflation risk. We prefer accumulation annuities because they minimize your risk in several areas, and they lock in your gains through the use of point to point protection periods, meaning you won't lose money. So you just heard from our chapter on how to reduce risk with annuities. We want to help you reduce that longevity risk, that market risk, the systematic and unsystematic market risk. We also want to help you generate that important income that you and your spouse are going to need so you can lock that income up. And we come back from the break. We're going to talk more about smart health and smart tax decisions as part of our smart financial plan. And we're so glad you're with us here on the Active Wealth Show come back for segment four. Also got this week in history and a few other great things on the Active Wealth Show. And don't forget, we've always got our really fun final countdown with you.

Producer:
Just the two of us. We can make it if we try to do the. Looking.

But to make me. Taking and no giving.

Ford Stokes:
And welcome back to the Active Wealth Show activators, and we've got this week in history and we've got our first sounder that Sam put together for this week in history. Go ahead and roll that sound or Sam

Producer:
This week in history.

Ford Stokes:
And on 11 18, 1928, Mickey Mouse made his first appearance on screens when Steamboat Willie, the first animated and talking Motion Picture Show, actually debuted. So that's pretty good stuff. Ready to go, Mickey Mouse or girls love Disney and love Mickey Mouse, even though they're 15 now and too cool. But let's get straight into this smart risk and smart, safe and smart health and all the smart financial plan we're talking about. So smart health. Number one is you've got to make great decisions after you turn age like sixty one, not age sixty five on smart health care decisions. Number one is try not to retire too early, where it's going to be too long and too expensive for you to afford health insurance before you become Medicare eligible at the age of sixty five, you're going to you become eligible for Medicare at to sign up for it at sixty four and three quarters with three months before you turn sixty five and then you actually start can start receiving benefits at age sixty five. You also should invest. But the reason we say start planning at age sixty one is because they've have a two year look back for Medicare surcharges. So you want to try to get all of your money into assets and get it out of income as best you can. And you know, if you're doing an early Roth ladder, you want to try to get rid of all that stuff before the age of sixty two. You also want to have a really good plan on what you're doing about converting all of your funds to get that smart tax side of it.

Ford Stokes:
And when you're trying to convert from your IRA to your Roth IRA, that's a big deal. And then also with smart health, you want to cap your cost. You want to take risk off the table so you either want to invest in a Medigap supplement insurance plan or you want to invest in a Medicare Advantage plan. Medigap supplement insurance plan is going to take care of your co-pays and deductibles, and it's going to cost you between. Probably 140 to $200 a month, depending on the plan. And you should also reevaluate that plan every year, and we work with Bonnie Dobbs, who is our licensed partner on the Medicare side, and she's with Medicare and ally bank raise your rate cd rates red tape. And if you get in touch with us, you can just send me an email at Ford and ActiveWealth.com. That's Ford at Active Wealth.com, and we'll put you in touch with Bonnie. And with Medicare Advantage, it's a little bit like working with an HMO. It's not as costly and and you don't have to spend as much money. But if you do go into the hospital, you could be looking at a six thousand seven hundred dollars co-pay for any hospital stay. And that's not something we like. So we prefer the Medigap. We prefer the Medigap supplement insurance plan to Medicare. And also, if you want a free consultation, all you've got to do is visit ActiveWealth.com. Next, let's talk about smart tax, so there's only two types of tax free investments out there. Number one is Roth IRA.

Ford Stokes:
And number two is life insurance. Life insurance. Let me take the second one first. You can invest in life insurance. We've got a fifty five year old male who's married, who works with us. He's an executive with a major manufacturing firm here in Atlanta. And there are Fortune 50 company, and he's putting $2000 away for 10 years and it's called a 10 pay. He's putting in two hundred and forty grand total, and he's going to generate twenty six thousand five hundred two dollars with the illustration says a year when he turns sixty seven years old. We think that's a really good idea because that money is completely tax free. So he's almost like generating a full next Social Security income payment. Without any taxes, it's his own personal income payment, so that's pretty good stuff. Next is a Roth Ladder Conversion what you do in a Roth ladder, you convert a little bit of your IRA to your Roth IRA dollar for dollar over time. And here's what I mean by that. What you do is you want to try to take an investment account and pay the taxes on your conversion that moves from your Roth IRA. I mean, if your IRA to your Roth IRA. So if you take one hundred grand a year and you're doing a Roth conversion? And you've got you're in the 20 % bracket or even twenty two % bracket, you take twenty two grand out of the taxable investment account and you pay the taxes and you move one hundred grand over from your IRA to your Roth IRA. So your Roth IRA goes up as much as your IRA goes down.

Ford Stokes:
And so you're taking taxable dollars to pay the taxes on tax deferred money that is converting to tax free money. It is a no brainer you're going to save six figures plus by implementing your Roth Ladder Conversion in reduced taxes that you're going to pay over your thirty five plus year retirement. We want to do everything we can to make sure that you are reducing the taxes and the fees that you're dealing with during retirement, because those are guarantees. You can talk about market return all you want. You can be as concerned about how much money I'm making off of my money and how much pressure you want to put on your financial advisor and all those kinds of things. You can take as much risk profile as you want in your allocation. You can do all kinds of things, but the guarantees out there are to reduce your tax liability. No brainer that is smart tax decision making. And the other is you want to reduce the fees, our normal fee when we're working with somebody that comes off the street is like right between one ally bank raise your rate cd rates a half and two %. But if you're an activator and you call our office, we're going to do it at zero point nine five %. So you literally you're reducing your the fees you're paying by one point zero five or, you know, more than half a point. That's every year compounded interest that you're not having to pay to somebody else that is going into your account. It's the.

Producer: the federal savings bank online banking let's recap what you may have missed. It's the final countdown.

Ford Stokes:
So on today's show, we talked about how thankful we were to have each and every one of you as an activator and a listener to this show. And we're also thankful for Sam being our executive producer. What is the routing number for tcf bank awesome. We've talked about a smart financial plan today. We we have talked about the runaway inflation. We talked about how the city of Atlanta has actually got the the highest at seven point nine % inflation rate. We've also talked about how to implement a smart financial plan that includes smart income decisions and smart health decisions with fixed index annuities and why it's a good idea to try to generate your own personal pension so you can count on the income that you need and lock that up. In this segment, we've talked about smart tax decisions, whether it's investing in life insurance or in implementing a Roth Ladder Conversion, Roth IRA and life insurance, and we tax free investments out there. We're so glad you've been with us. We're so glad you're an activator. We're thankful for you, and we hope everybody enjoys the start of this holiday season. Hope everybody out there gets a turkey, so they've got turkey for Thanksgiving, and that the shortage out there doesn't affect you. And we want to make sure all the activators get their turkey and honey baked ham and all the fixings and all the stuffing and all that stuff. All the sides out there from Sam and I both we wish you and your family a happy Thanksgiving.

Producer:
Thanks for listening to the Active Wealth Show. You deserve to work with a private wealth management firm that will strategically work to protect your hard earned assets. To schedule your free consultation, call your Chief Financial Advisor Ford Stokes at (77) 685-1777or visit Active Wealth. Investment Advisory Services offered through Brookstone Capital Management Td ameritrade institutional veo one become a registered investment advisor. Bcm and Black and company realtors Wealth Management are independent of each other. Insurance products and services are not offered through BCM, but are offered and sold through individually licensed and appointed agents. Investments involve risk and, unless otherwise stated, are not guaranteed. Past performance cannot be used as an indicator to determine future results.

Producer:
Fixed annuities, including multiyear guaranteed rate annuities, are not designed for short term investments and may be subject to restrictions, fees and surrender charges, as described in the annuity contract guarantees are backed by the financial strength and claims paying ability of the issuer. Any examples used are for illustrative purposes only and do not take into account your particular investment objectives, financial situation or needs, hancock whitney bank login page may not be suitable for all investors. It is not intended to project amazon prime movies performance of any specific investment and is not a solicitation or recommendation of any investment strategy. A purchaser should evaluate and understand all of the risks and costs of an investment in structured notes Essenes. Prior to making any investment decision, 1st citizens bank of sc purchase of an SDN entails other risks not associated with an investment in conventional bank deposits. A purchaser may not have a right to withdraw his or her investment prior to maturity or could incur substantial penalties for an early withdrawal if permitted. A purchaser should carefully read the disclosure statement and any other disclosure statements for a S.N. before investing. An investment, in essence, is not FDIC insured and is subject to credit risk. The actual or perceived creditworthiness of the no issuer may affect the market value tiny home sheds for sale SNS. Essence will not be listed on any securities exchange. Even if there is a secondary market, it may not mercedes kaestner varnado ethnicity enough liquidity to allow purchasers to trade or sell Essenes.

Producer:
As a holder of SNS, purchasers will not have voting rights or rights to receive cash, dividends or other distributions or other rights in the underlying assets or components of the underlying assets. Certain built in costs are likely to adversely affect the value of Essenes prior to maturity. The price, if any, at which the notes can be purchased in secondary market transactions, if at all, will likely be lower than the original issue. Price in any sale prior to the maturity date could result in a substantial loss. Essenes are not designed to be short term trading instruments. Purchasers should be willing to hold any notes to maturity. The tax consequences of Essenes may be uncertain. Purchasers should consult their tax advisor regarding the U.S. federal income tax consequences of an investment. In essence, if a person is callable at the option of the issuer, in the essence is called, the holder will receive only the applicable redemption amount and will not receive any coupon payments that would have been payable for the remainder of the term of the S.N. As ins are not, FDIC insured may lose principal value and are not bank guaranteed. This material is provided for informational purposes only and should not be construed as investment advice or an offer or solicitation to buy or sell securities. All data believed to be reliable but not guaranteed or responsible for reliance on this data.

Producer:
Past performance is not indicative of future results, which may vary the value of investments and the income derived from investments can go down as well as up. Future returns are not guaranteed and a loss of principal may occur. Brookstone does not provide accounting, tax or aggravated assault with a deadly weapon texas advice. Investors should be aware that a determination of the tax consequences to them should take into account their specific circumstances and that the tax law is subject to change in the future or retroactively. And investors are strongly urged to consult with their own tax advisor regarding any potential strategy, investment or transaction. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for a client's investment portfolio. Historical performance results for market indices generally do not reflect the deduction of transaction and or custodial charges or the deduction of an investment management fee. The occurrence of which would have the effect of decreasing historical performance results, economic factors, market conditions and investment strategies will affect the performance of any portfolio, and there are no assurances that it will match or outperform any particular benchmark. The investment strategy and types of securities held by the comparison indices may be substantially different from the investment strategy and the types of securities held by the strategy, not FDIC. Insured may lose principal value. No bank guarantee.

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Источник: https://activewealthshow.com/podcast/build-a-smart-financial-plan-during-inflation/

Star Wars: The Old Republic Developers Look Back on 10 Years, and What's Next

The stars of Star Wars: The Old Republic's latest expansion, Legacy of the Sith, prepare for battle.

Star Wars’ Expanded Universe has lived on in myriad ways since it came to an official end in 2014, when Lucasfilm and Disney wiped the slate of continuity clean. While some elements and characters have rejoined canon, and re-releases of classic EU comics and books give chances to re-explore what was, one enduring EU stalwart is ready for more: Bioware’s choice-driven MMO, The Old Republic.

As the MMO turns 10 this year, The Old Republic finds itself at something of a strange crossroads. Unlike many Expanded Universe products, its status as a living, ongoing online game allowed it to escape the end its fellow EU stories were confronted with when Disney and Lucasfilm announced their plans to reboot Star Wars canon, pared down to, at the time, the original and prequel movies, Clone Wars and Rebels, and a handful of new Star Wars publishing items. A decade later, The Old Republic endures, having become a free-to-play game. Many of its ideas and influences can be now felt in current Star Wars projects like the High Republic transmedia initiative, itself its own tale of that “more civilized age” before the Republic fell.

The Old Republic’s connection to its spiritual successor, Bioware and Obsidian’s beloved duology Knights of the Old Republic and its sequel, The Sith Pnc instant debit card locations, has why has uae cut ties with qatar its legacy live on in projects like next year’s KOTOR remake, and even lingering rumors and wishes that Lucasfilm will revisit the era with new cinematic projects. Even as the company’s relationship with the EU has re-warmed—mostly through the chance to merchandize the past with re-releases and Star Wars’ greatest love of all, new toys—The Old Republic has largely been left to its own devices, telling its own continuation of an era thousands of years before the films, one where the Sith Empire and the Republic have waxed and waned in a cycle of conflict. Which means its developers, coming into its latest expansion—Legacy of the Sith—don’t really have much of a challenge when it comes to how to keep The Old Republic and the era it represents alive. Their concerns are, naturally, more about www mtb com managemyaccount to keep players invested and active in how can you find your student loan account number the story of characters they’ve been playing for the best part of a decade, in a story that ally bank raise your rate cd rates them determine a lot of moments, big and small.

“It’s got to be that there’s so many choices and options, right?,” Charles Boyd, one of the creative directors on The Old Republic at Bioware Austin, mused of the game’s biggest challenges at a recent press conference to discuss Legacy of the Sith and The Old Republic’s legacy itself. “We do have the benefit of 10 years of story, and 10 tarrant county district clerk criminal of branching options and storylines, and characters and classes having separate experiences—which is awesome, because whenever we’re like, ‘What do we want to do next?’ we have all this stuff we can look at and say, ‘It’d be cool to continue that piece,’ or ‘Here’s a new thing, how can we ground it in something players know?’”

Image for article titled Star Wars: The Old Republic Developers Look Back on 10 Years, and What's Next

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But that freedom can also be a blessing and a curse for The Old Republic’s writing team. There are a lot of threads to pick up on—whether they come from the original, class-specific story arcs the game launched with a decade ago, or more more broadly from recent, largely centralized plot lines like those found in Knights of the Fallen Empire and its successor, Knights of the Eternal Throne. But that means there are also myriad inflection points of player choices along the way in those arcs to consider, too. “More than anything, we want players to feel like they’re having a Dungeons and Dragons tabletop experience—where it’s you and a DM and it’s tailored to your choices and past experiences, your future choices and all that. That’s really hard to do when you’re not in the room,” Boyd said. “It’s definitely a challenge when you try to foresee what players will want to do in any given situation and build a story around that without exploding the scope of everything. So, finding that careful balance of player agency and respecting your choices, of playing off your choices, while also telling a cohesive, continuous storyline going forward, it’s my favorite part of building this game—but, it’s also probably the most challenging, for sure.”

That will come to a head when Legacy of the Sith arrives as the game’s latest expansion next month. Not only does the new expansion include a jeffrey dahmer f is for family of major mechanical changes that allow players to adopt the combat styles of other classes to change the way they play their own character, narratively the expansion will set both Republic and Sith-aligned heroes alike against one of The Old Republic’s most iconic characters: the Sith Lord Darth Malgus, who has been foe, uneasy ally, and now rogue agent over the years since players first met him. Malgus first returned to The Old Republic in a major way in the last expansion, Onslaught. But the Sith has now gone jared comenity bank phone number with his own plans to uncover ancient powers beyond the Republic and Sith Empire’s control, even as the two sides find their cyclical war growing even hotter coming into Legacy of the Sith. There, the Empire invades the watery planet of Manaan in an attempt to force the neutral Selkath people into supplying their medical check balance wells fargo debit card the exclusive home of naturally occuring Kolto, the healing liqud that preceded the Bacta tubes we see in the original Star Wars movies—to the Imperial war effort.

Image for article titled Star Wars: The Old Republic Developers Look Back on 10 Years, and What's Next

“Darth Malgus is probably our most recognizable character, our Sith Lord, he first appeared in the cinematic trailers that preceded SWTOR, so he’s been around longer than 10 years in the players’ minds. He was a warrior for the Empire, he ended up breaking away, trying to do his own thing. Didn’t go so well because the players stopped him. He was presumed dead for many years, but being more machine than man, he survived and has returned to the story in our storyline for the most recent expansion, Onslaught,” Boyd teased of where Malgus has been—and where he’s about to go in Legacy of the Sith. “[He was] seemingly working for the Empire until he managed to break free, yet again, and now he’s gone rogue. He has his own plans. No one knows exactly what they are, but we know they’re not good. So players are eager to discover his secrets, and stop whatever he’s planning before he can pull it off.”

As players prepare to hunt Malgus once again, and even with that strange limbo it finds itself in in relation to its “canonical” cousins a decade on, the SWTOR team still has plenty of ideas about how to keep its pocket of the galaxy far, far away alive. Legacy of the Sith is a celebration of everything that has come so far for the MMO, but it’s far from the end. “We’ve laid out with EA the next couple of years—our five year plans,” Keith Kanneg, The Old Republic’s project director, said of the game’s future. “‘What do we want? What do we have? Where are we going?’, that type of thing. Really, this is a foundation year for us, even though it’s 10 years into our life cycle. We looked into it and said, ‘If we want to last another 10 years, we have to do a lot of improvements, a lot of changes, find where we’re going, where our story is going’—so, where do we see it [with Legacy of the Sith]? Kind of the start of the next 10 years.”

“That’s exactly how I’d put it, too. We want to build on all this amazing storytelling and the choices the players have made to make their character unique up to this point—and keep that going,” Boyd added. “How many games get that opportunity to tell that continuous, branching interactive narrative? But then, at the same time, [we] recognize we have a 10-year-old game, so let’s update some things. Expand options as a player. Carry the game forward into the future.”

Legacy of the Sith, The Old Republic’s latest expansion, will launch on December 14.


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Источник: https://gizmodo.com/star-wars-the-old-republic-developers-look-back-on-10-1848085158

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Peter Carleton is a writer that covers banking and investing, breaking down what you need to know about where you put your money. When Peter's not thinking about cutting-edge banking apps and robo-advisors, he runs a creative agency and spends his spare time cooking or reading.

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Ally Bank’s CDs are best for those looking to keep their savings locked away for a year or more. Depending on your term, you have the potential of earning up to 0.8% APY. You have a variety of CDs to choose from with flexible terms making it easy to find a product that suits your financial needs.

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  1. Go to the provider’s site and follow the steps to apply.
  2. From the the Ally website, click on Bank and then Open Account.
  3. Click on the CDs tab, then select which CD you’d like to open.
  4. Select whether you are a new customer, already have an Ally account or have started an application. Click Next step.
  5. Proceed through each step and enter all information as prompted.

How to open an Ally CD by phone:

Call 877-247-2559 to have a representative walk you through the process.

How to open an Ally CD by mail:

Find and print the application you prefer from Ally’s site, fill it out and mail it to the address on the form. Your application options include single or joint, custodial, trust, traditional-SEP IRA and Roth IRA.

Eligibility

To open a CD with Ally, you’ll need to meet the eligibility requirements:

  • Be a citizen or a legal permanent resident of the US.
  • Have a Social Security number.
  • Have a US mailing address.
  • Be at least 18 years old.

Required information

During the application process, you’ll be asked for the following information:

  • Social Security number or taxpayer ID.
  • Name, address and date of birth.
  • Driver’s license information.
  • Email address and phone number.

Funding options

During or after your application, you’ll need to fund your account. You can use the following methods:

  • Mail a check.
  • Make an online transfer from an Ally bank account.
  • Make an ACH transfer from a non-Ally bank account.
  • Ally High Yield CDs. Grow your money quickly with interest rates between 0.15% and 0.8%, terms between three and 60 months and interest compounded daily.
  • Ally Raise Your Rate CDs. This account offers a competitive 0.7% APY that can increase over time depending on your balance and Ally’s rates.
  • Ally No Penalty CD. If you want access to your money with a higher interest rate than a standard savings account, this option may be right for you.
  • Ally IRA CD. If you are looking for a way to step up your retirement savings, you might want to look into IRA High Yield CD, IRA Raise Your Rate CD and IRA Online Savings. They are available as a Traditional, Roth and SEP IRA.

Regardless of which FDIC-insured certificate of deposit you choose, you’ll get competitive rates, around-the-clock support, easy online access and several other benefits:

  • Compound interest. Interest is compounded daily to help your savings grow faster.
  • Transparency. All fees and charges are disclosed, making it easy to keep more of your money.
  • No maintenance fees. Ally’s CDs don’t have monthly maintenance fees, helping you reach your savings goals faster.
  • Ally’s Ten Day Best Rate Guarantee. If you fund your account within 10 days of opening, you’ll get the best rate Ally offers, even if it increases during that time.
  • Numerous terms. Ally allows you to choose from a variety of term lengths to find one that best suits your financial needs.
  • No minimum deposit. While most CD opening deposits range from $250 or more, you only need $0.01 to start earning interest on a CD with Ally.

Ally has a lot of strengths, but there are still a few potential drawbacks to be aware of:

  • No branches. Ally operates entirely online, so you won’t have access to branches or ATMs.
  • No partial withdrawals. Some banks and credit unions allow you to make partial withdrawals. Ally doesn’t.
  • High withdrawal fees. Compared to similar banks, Ally charges higher fees if you withdraw from your CD before maturity.
  • Small product selection. While Ally has checking and savings accounts, it doesn’t offer business or brokerage accounts and many types of loans.
  • Interest postings. Some banks post interest earnings to your account immediately, but Ally doesn’t. On terms of 12 months or less, interest is credited at maturity. On terms greater than 12 months, interest is credited annually at year’s end.

If you prefer in-person banking, you’ll want to keep looking. As always, compare your options when choosing a CD.

Once your CD reaches its maturity date, you’ll have a 10-day grace period to decide between the following five options:

  1. Renew the CD
  2. Change the term
  3. Withdraw your money
  4. Make additional deposits
  5. Close the CD

If you don’t make a decision, your CD will automatically renew at the end of the 10-day grace period.

If you need to withdraw your funds before the maturity date, it’s important to be aware of the early withdrawal penalties:

High Yield CD

  • Less than 24 months: Pay 60 days of interest
  • 25–36 months: Pay 90 days of interest
  • 37–48 months: Pay 120 days of interest
  • 49 months or more: Pay 150 days of interest

Raise Your Rate CD

  • 2 years: Pay 60 days of interest
  • 4 years: Pay 120 days of interest

No Penalty CD

You can withdraw your full balance plus interest any time after the first six days of opening your account and won’t be charged any fees.

Ally makes it easy to get in touch with customer service if you have any questions, concerns or issues:

  • By phone: 877-247-2559
  • By email: Log in to your account to send a secure email
  • Yes. The early withdrawal penalties will be waived if the account owner passes away or is deemed unfit to manage the account.

  • No. You can only add funds during the initial funding. However, you can add funds when your account matures if you choose to renew.

  • Yes. In fact, some people use something called a CD ladder, which involves opening multiple accounts with different terms to get periodic access to their money.

  • No. Ally does not accept cash, foreign currency or savings bonds.

  • No. Ally’s CDs are completely free to open, and you’re not charged a monthly maintenance fee.

CDs ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We rate CDs and share certificates on a scale ranging from one to five stars based on what matters most to you. We consider two factors equally when rating CDs: minimum deposits and annual percentage yields (APYs) relative to term length. If a bank requires a different minimum opening deposit depending on the chosen term, we rate the CD based on the average minimum deposit across all terms. And although some institutions offer CDs with terms ranging from one week to 20 years, we only consider term lengths the FDIC uses in its monthly updates on national rates.

Read the full methodology of how we rate CDs.

Источник: https://www.finder.com/ally-bank-cds

Ally Bank Interest Checking & Raise Your Rate CDs

A look at the Ally Bank Interest Checking account and the Raise Your Rate CDs.

There are a lot of banking products to keep track of lately. Some of those we monitor are from Ally Bank, which is actually known for online consumer bank products that are made easily accessible by their minimal fees and minimum balance requirements. Many of their products can be found in our list of high yield savings accounts and other savings options that we’ve previously covered here. Today though, we’ll focus on their interest bearing checking account and special raise your rate certificates of deposit. Following are the details:

Ally Bank Interest Checking Account

Ally Bank Interest Checking

Ally Bank boasts a free high yield checking account that has the potential to earn you the equivalent of interest you’d get from a high interest savings account. It’s called the Ally Bank Interest Checking Account with several features that you may like. Just like Ally Bank’s other savings products, this checking account is easy enough to start and maintain, given that it does not require a minimum deposit nor a minimum balance to keep around. Here’s a closer look at its features:

  • No minimum balance required. $0 to open an account. Can’t get easier than that!
  • No monthly fees
  • Maintain a balance of up to $15,000 and receive a 0.50% APY
  • Maintain a balance above $15,000 and receive a .80% APY
  • Free online bill pay and online banking
  • Free debit card
  • Unlimited check writing
  • Get cash back by using your debit card (at select retailers)
  • No ATM fees anywhere
  • Free alerts on your balance
Here’s how you can open an Ally Bank interest checking account.
Open an Ally Bank interest checking account.

But bear in mind that the bank will charge you for non-sufficient funds, stop payment and return deposits, although these are pretty standard fees I’ve seen levied by most banks. The one thing I’d like to point out is this: seriously, at the rate some of these banks (online or otherwise) are ratcheting down their rates, there doesn’t seem to be much of a competitive advantage between checking vs savings accounts anymore. Take for instance WTDirect, which is certainly considered a top high interest savings account. If you look at their account’s features, there is no longer much to be desired here, with the long term interest rate lingering at 0.15% for balances under $10,000 and 1.11% for balances reaching $10,000 and higher. So if you’re going to make a comparison here, even the Ally Bank Interest Checking Account looks like a better choice over the WTDirect Savings Account, since you get all the benefits of a checking account when you opt for the former.

Ally Bank 2 Year CD & 4 Year CD With Rate Increase Option

Ally Bank Raise Your Rate CD

In addition to the checking account, Ally Bank is replacing their 2 Year High Yield CD with one that has a “rate increase” option. It’s called the Ally 2 Year Raise Your Rate CD and it’s intended to give savers a bit of a break. Typically, when you open a CD account, you’re locked into the current rate for the full term of the CD. But with the Raise Your Rate CD, you have the opportunity to opt for one rate increase anytime during the term of the CD. So if rates go up anytime between now and the next two years, you have one chance to raise and lock in your rate at that level.

Given that we’re in a rate climate that hasn’t exactly been favorable for savers (it’s been a low interest environment for a while now, with no signs of a change in the trends), the “raise your rate” feature may offer a bit of insurance. Here’s how it works:

  1. Open an Ally Bank 2 Year CD and lock in your rate. The rate is currently at 1.18%.
  2. Monitor the CD rate on this product.
  3. If the rate goes up within the next 2 years (during the term of your CD), you have the option to lock in that new rate.
  4. Call Ally Bank at anytime to request the new rate.
  5. Receive the one time rate increase for the rest of your term.

But the 2 Year CD is not the only “Raise Your Rate CD” from Ally. They also offer a 4 Year CD which has a higher yield and which provides the option of a TWO time rate increase during the term of the CD. So make sure you compare these two products when you visit their site.

Find out more about the Raise Your Rate CDs from Ally Bank here.
Raise Your Rate CDs from Ally Bank

Created March 16, 2010. Updated August 19, 2011. Copyright © 2011 The Digerati Life. All Rights Reserved.

Источник: http://www.thedigeratilife.com/blog/ally-bank-interest-checking-2-year-cd-rate-increase/

Building a Smart Financial Plan During Inflation

Building a Smart Financial Plan During Inflation AWR SHOW: this mp3 audio file was automatically transcribed by Sonix with the best speech-to-text algorithms. This transcript may contain errors.

Producer:
Registered investment advisors and investment adviser representatives act as fiduciaries for all of our investment management clients. We have an obligation to act in the best interest of our clients and to make full disclosure of any conflicts of interest, if any exist. Please refer to our firm brochure. The ADV to a Page four for additional information.

Producer:
Welcome to the Active Wealth show with your host! Ford Stokes Ford is a fiduciary and licensed financial advisor who places your needs first. He'll help you protect and grow your wealth. The Active Wealth Show has grown because activators like you want to activate their retirement planning with sound tax, efficient investing and now your host Ford Stokes

Ford Stokes:
And welcome the Active Wealth Show activators I'm Ford Stokes, your Chief Financial Advisor. I'm joined by Sam Davis, our executive producer. And Sam, you've got a very special welcome to the weekend edition since it's the last weekend before Thanksgiving, so hit them with a great weekend. Welcome.

Producer:
Welcome to the weekend activators. Dare I say, is this the first weekend of the holiday season? Everyone's out there starting to get some of their Christmas shopping done. I know I'm trying to pick up a few things every time I'm out and at the store, stocking stuffers and the like. You know, it's about to get hectic in the Atlanta area for the holiday season, but welcome to the weekend and enjoy it.

Ford Stokes:
Yeah, make sure everybody gets out there and gets their turkey a little bit earlier this year. I don't want to create a panic here for turkeys, but I've heard there's a little bit of a shortage on production and we want to take care of the activators on the show, right, Sam. So let's make sure activators you get out there and get your turkey now. Also, this is the last weekend before Black Friday. You might as well just go ahead and knock out a lot of your stuff and not try to wait on deals because I think the deal this year is going to be the actual product is there for you to buy.

Producer:
Yeah, that's that's a good point. You know, in the past, we're trying to get flat screen TVs half off, but now we're just happy if something is is on the shelves and that's part of this new pandemic world that we live in. But yeah, got to get out there and get your turkey. I mean, what is your Thanksgiving dinner if you don't have your turkey there?

Ford Stokes:
So you've got to make sure you

Producer:
Got to have it covered, but a lot to be grateful for on this Thanksgiving holiday and make sure that you get your loved ones around you next week and have a good holiday.

Ford Stokes:
Also, and shout out to honey baked ham because we always get a honey baked ham for Thanksgiving in addition to the turkey, and just want to give a big shout out to them for making something that's just incredibly delicious. Great job honey baked ham and we're pulling for you. Also, we're extremely thankful for our activators. And if you're wondering who an activator is it somebody who listens to the show, It's somebody who wants a tax efficient fee, efficient and market efficient portfolio. It's also somebody who inspects what they expect. They want a successful retirement. They understand that with any situation, knowledge is power. And you know, when you deal with planning your retirement, it's kind of like going to the dentist. You don't want to go very often. You don't have to deal with it, sometimes less painful, sometimes more painful. And I would just encourage you to meet with your advisor at least once a year. We're we do that. We try to meet or talk to our folks on a quarterly basis. We also send them a monthly performance report account performance report so they can understand the performance of their account. So we're not just surprising them with, Hey, here's how your account did for the year at the end of the year during an interview. So that's a big thing. I also wanted to say I'm thankful for the opportunity to work with Sam Davis and just really appreciate it. We're thankful that you are our executive producer. We're thankful that you've helped build the Active Wealth Show to being the number one listen to radio show on the weekends on AM nine 20 answer and we just really appreciate you.

Producer:
Well, I'm very grateful to be a part of it as well. Thank you. Over a hundred episodes of the Active Wealth show to go back and listen to, and we don't have any plans to stop anytime soon. We're going to keep helping people out there and spreading the word.

Ford Stokes:
Well, we're super excited to work with you and just wish you and Bailey and your family all the best during this Christmas season. And congratulations to the Kansas Jayhawks for beating the Texas Longhorns. I think all of us are really excited to see that,

Producer:
Yes, that is an early holiday gift and and a very big one have only beat Texas four times. I believe in the history of Kansas playing football and the first first win in Austin and Kansas and Texas. Ladies and gentlemen, they've been playing football for over a hundred years. So this is this is quite an accomplishment.

Ford Stokes:
So this is top four % of the wins. Hey, nice job. All right. And so on today's show, let's talk about what we're going to talk about on this stage today show we're going to talk about how to build a smart financial plan. We're getting lots of requests on this because people just with runaway inflation, we're going to talk more about our the inflation here after we do kind of our market update and our inflation demonstration. And it's pretty remarkable for the for the city of Atlanta, by the way, the inflation we're number one by. The way folks in inflation and will back that up with a nice story here, but we're going to talk about a smart financial plan and let me give you the formula for a smart financial plan. A smart financial plan equals smart, safe investments. Plus smart risk investing plus smart income planning plus smart health decisions, plus smart tax planning as well. And so you've got smart, safe plus smart risk plus smart income plus smart health plus smart tax equals a smart financial plan if you don't have a solid plan in all those areas in a safe, secure environment for some of your investments. So you know that you're going to be able to generate income from a portion of your investments that typically is your bond replacement or your bond portion or portfolio that you want to do a better job with that.

Ford Stokes:
And that's an opportunity for you to improve. And also, if you don't have if you're just doing a buy and hold and just hang in there approach with your investments, you may want to think about investing in a tactical asset allocation and an actively managed portfolio model. That's probably a smarter way to do things. And then the other is, you know, if you've got smart income, you want to figure out what your income is going to be during retirement. We we also call some of the smart financial planning results in advance planning. So we want to make sure that you see your retirement results in advance over your next 30, five plus years that you're going to be retired. I mean, let's face it, folks, we're all living longer. By the way, the CDC says that if if two spouses make it to age age sixty five, it's like 60 plus % chance that at least one of them's is to be age 90. And so we've got a plan for that longevity risk, but we've got to build a smart financial plan and we're going to talk about each one of those components on today's show. We're also going to give you a market update right now, and then we're going to talk about what's going on with inflation here in Atlanta. So let's hit with our market update.

Producer:
Sam, your Active Wealth market update.

Ford Stokes:
The number of Americans filing for unemployment benefits dropped to a new pandemic low last week as a job market continues to recover from the coronavirus pandemic. Figures released Thursday by the Labor Department showed that applications for the week ended November 13 fell to two hundred and sixty eight thousand from a revised two hundred sixty nine thousand a week earlier. The analysts surveyed by Refinitiv had projected the number of first time filings to decline to two hundred and sixty thousand. It marked the best level of jobless claims since March 14 20 20, when there were two hundred and fifty six thousand applicants, just as the COVID 19 pandemic began to shut down the nation's economy. Still, the number of Americans collecting unemployment benefits remained slightly above the 20 19 weekly average of two hundred eighteen thousand. The continuing claims, or the number of Americans who are consecutively receiving unemployment, fell to two point zero eight million, a decrease from one hundred and twenty nine thousand four the previous week. It marked another pandemic low from March 14 20 20 and when it was one point seventy seven million. The report shows that roughly three point one eight million Americans were collecting jobless benefits for the week ending October 30th and an increase of six hundred eighteen thousand eight hundred four from the previous week by comparison, just a little over one year ago.

Ford Stokes:
An estimated get this, folks an estimated twenty point eighty two million Americans were receiving benefits, and we wonder why we've got labor shortages and problems. People haven't gotten back out to work as much. They are getting back out there. It is improving. And now we kind of understand why we've got shortages, both in supply shortages and also in hiring shortages. It's unbelievable what's going on with the labor market. It's just literally incredible. The Labor Department reported last week there were ten point four million open jobs at the end of September. The little change from the end of August, it's still it's still a staggeringly high figure. There are about three million more open jobs than unemployed Americans looking for work, so there's plenty of opportunities to go find work out there. The number was also exacerbated by a record four point four million people who quit their jobs in September, representing about two point seven % of the country's workforce, according to Job Openings and Labor Turnover Survey. And now, Sam, let's go ahead and play the inflation demonstration for this week.

Producer:
It's time for an Active Wealth inflation demonstration.

Ford Stokes:
U.s. inflation last month rose at its fastest rate since 1990. It grew faster in Atlanta, more than any other major metropolitan area, propelled by increases in gas prices, apartment rents and the cost for goods. The Consumer Pricing Index for Metro Atlanta climbed seven point nine % in October from a year earlier, compared to the national average of six point two %, according to the Bureau of Labor Statistics. Let me tell you, folks, we have got to get a smart financial plan and deal with this inflation because you've got to make sure you stay invested and you grow with the economy because you don't want your money that you've worked so hard to earn and so hard to save. And it's harder to save it than it was to earn it going to get an amen on that one. We've got to do a much better job at planning our retirement and make sure that our money grows alongside this runaway inflation. And Sam, you know, we love Thanksgiving so much that we created a happy Thanksgiving guide. And you anybody can download it. It's absolutely free. You don't have to put your information in. Just visit Active Wealth Thanksgiving again ActiveWealth.com/Thanksgiving. It's got great recipes. It's got great stats on Thanksgiving and metrics about Thanksgiving. A little bit of history on Thanksgiving, but it's also got really neat coloring pages for the kids at the kids table. So if you want a free coloring book with coloring pages that you can just download and print in black and white and hand out to the kids at the kids table, just visit ActiveWealth.com/Thanksgiving. That's Active Wealth.com/Thanksgiving.

Producer:
That's awesome. So you got something for the whole family, something for the kiddos, and then something for the grandparents out there as well. That's cool.

Ford Stokes:
Yeah, we just want to do something where we get to deliver it digitally. There's no like I said, we don't we're not looking for anybody to put their information in all they've got to do. It's a free download. Just visit Active Wealth Thanksgiving.

Late December, back in 63. Very special time for me, as I remember.

Producer:
Are you concerned about U.S. tax rates being raised by the Biden administration and how that will affect your retirement? Tune in to the Active Wealth Show with Ford Stokes, your chief financial adviser, to learn how you can reduce the taxes you pay before and during retirement. The Active Wealth Show Saturdays at noon and Sundays at 11:00 a.m..

Ford Stokes:
And welcome back activators, the Active Wealth Show, and we like to start off a lot of our segments with neat little mini segments, and what we're going to do is share our Beating the Bank CD segment this week.

Producer:
Need a higher rate of return from your safe money? Listen up. It's time to beat the bank.

Ford Stokes:
Cd rates bank CDs are offering between zero point zero five % at your traditional bricks and mortar bank. If you walk into a Bank of America, Truist, SunTrust, now Truist or any other in Wells Fargo, any of the other banks that here in the local Atlanta market, you're going to find that they're going to offer a zero point zero five % annual rate of return for one year bank CD, which is incredibly low to the point where you're in, especially in an environment where inflation is running away, you're just literally in a melting ice cube situation, losing money. So listen, if you can go to Ally Bank and other banks and get between zero point six and zero point six five % on a one year bank CD or a little bit higher with a to your bank CD. But those are internet banks. They're not bricks and mortar. You just don't know. The trust level is not as great with those. They're still have FDIC protection, but you just don't know. And also with if you're dealing with FDIC banking rules that there's a 10 % reserve, three to 10 %. But most banks that are over $100 million of deposits have to keep three to 10 %. But all that are over 100 million have to keep 10 % on hand of financial reserves. What we find is that because of the regulations with fixed indexed annuities and insurance products, the financial reserve requirement is 100 %.

Ford Stokes:
And for me, I would rather keep my money invested with a 100 % financial reserve product, then with a 10 % financial reserve product during the Great Depression. Zero hundred %. Financial reserve and insurance companies and annuity companies went out of business, whereas 60 % of banks closed their doors during the Great Depression and only 40 % of those banks actually reopened. So we want to do everything we can to protect our assets, and that's how to beat bank CDs is to find a shorter period, shorter term length, fixed indexed annuity. And we have those here at Active Wealth and you can feel free to visit us at Active Wealth and book an appointment with us by just clicking that set an appointment button in the upper right corner. Or you can call us at (77) 685-1777again seven seven zero six eight five one seven seven seven. We're happy to help you. We're trying to be smart, safe with our money here on this first part of our smart financial plan and investing in a shorter term fix. The next new, he's a really good idea. And so that's another example of smart safe. Another way to implement smart safe is to invest in a fixed indexed annuity that doesn't have an income rider. Because why are you going to pay in an annuity company to allow you to withdraw the money you gave them? There's no it makes no sense you want to invest in.

Ford Stokes:
A fixed index annuity that doesn't come with an income rider because you can still generate a five % penalty free withdrawal. Also, we've talked about on the show with withdrawal rates. If you can stay at that four % withdrawal rate, you're likely not going to run out of money. So if you've got a million dollar portfolio when you're taking $40000 or four % out of your portfolio each year, plus your Social Security is earning, let's say, thirty six thousand. You're living on seventy six thousand dollars a year. You're fitting within the four % rule and you're likely not going to run out of money. And you likely don't have to have a lifestyle change. And it's a really good idea to kind of implement a program and a plan like that. Well, if you invest with fixed indexed annuities, you can take up to like five, sometimes upwards of six and seven % of your money. And the money continues to grow with market like gains without market risk. And we like to also another really smart idea with smart safe is to invest in. Products that are illustrating with an index that is generating a higher rate of return than what your withdrawal rate will be, so therefore your money won't go to zero after 20 years. It's one of the the secrets about annuity.

Ford Stokes:
Sometimes it will go to zero after 20 years. Now let's also talk about how to build a personal pension. Only 16 % of all Fortune 500 companies still offer a personal pension, according to Yahoo Finance. So I'd encourage you to listen to this chapter from my new book, Annuity 360, on how to build a personal pension. Sam, let's go ahead and roll that chapter. Chapter nine. You can create your own personal pension. Big idea Using an annuity to create a personal pension helps you create a lifetime income stream, but it also helps you leave a legacy for your beneficiaries. All annuities can create annuity income to supplement the income you need before or during retirement. Those who are approaching retirement are afraid that they will run out of money, but an annuity can help make sure you have an income you can never outlive. An annuity can be a great investment for your portfolio, but encourage you to be careful that you don't overpay for your annuity. When you put your money into an annuity, the annuity company will pay you your money back at a date you specify. You don't want an annuity company to charge you too much to simply pay your money back to you. I'm confident that leaving a remarkable family legacy is important to you. You likely want to have money left over when you pass away to leave your beneficiaries. The goal of a personal pension is to generate lifetime income with no risk that grows your money and allows penalty free withdrawals.

Ford Stokes:
An annuity can create a lifetime income with market like gains and no market risk, while also allowing you to build enough wealth to leave for your beneficiaries when you pass away. Don't give the annuity company fees for doing nothing. We prefer fixed indexed annuities for our clients that do not have an income rider fee, but you can still create a personal pension without an income rider on your annuity. If you get an annuity with an income rider but don't utilize the features of that income rider, then you are not getting what you paid for. You are literally just paying the annuity company one to two % each year. You defer annuities using your annuity without receiving a single benefit for that annual fee. This income rider fee will also draw down your account value or principle. Depending on how that index is performing. The growth on your entire account value could be significantly and negatively impacted. Some accumulation focused annuities are built to deliver increasing payments without an income rider. You should consider the features your income rider is providing you before deciding to purchase it as an add on. Make sure you utilize the features you are paying for more ways to get the most out of your annuity. The longer you wait to turn on the annuity, the more you'll receive an annual payments. This is because your annuity will spend a longer time in the accumulation phase, meaning it will spend more time building up your account value.

Ford Stokes:
Your annual payments will grow as your account value grows. Believe it or not, you can generate your own personal pension by distributing no more than five % a year with penalty free withdrawals from your accumulation based annuity policy. Many accumulation annuities are set up to be armed friendly, so you won't suffer a penalty when you have to take your RMD. It would be silly for you to be penalized for something you are required to do. Annuity companies take this into account by creating products that make taking your RMDs easier. Inspect what you expect with any annuity. Don't just go with what the annuity agent or adviser tells you. Read it for yourself specifically, you should read the annuity illustration guaranteed and non-guaranteed tables included within the annuity illustration. Also, please remember that annuity policy is a contract between you and the annuity company, so caveat emptor or buyer beware applies here. Be aware of the annuity you are buying and choose an annuity that works best for you. They will help you build a successful retirement and they'll offer you peace of mind whether you choose to generate income through penalty free withdrawals or invest annually in an income rider. Know the consequences of both. This is a decision you will make at the beginning of the investment process.

Ford Stokes:
One poor decision here can cost you one to one and a half % of annual growth over a 30 year retirement. This could come out to be a significant loss. Educate yourself on your options and the specifics of each option you are considering. Making the right decision up front will save you a lot of frustration in the long run. Also, please remember that if you withdraw too much annually, say 10 %, you will run out of money in 10 to 12 years. Make sure that you're working with an advisor who can help you choose the appropriate withdrawal amount so that your money lasts for your entire lifetime. As discussed above, we recommend no more than five % be withdrawn each year from your account. And so we just heard a. How to build your personal pension from my new book, Annuity 360 and also listen, let me just recap what smart safe means smart safe means to get market like games without market risk. And we'll talk about smart income here and a little bit as well. We want to just take risk off the table. Harry Markowitz in Nineteen Fifty Two was given credit for the discoverer and the founder of Modern Portfolio Theory, and he just said, Hey, we take two non correlated assets that are on the same market. That means stocks and bonds traded on American markets like the New York Stock Exchange, and we take 60 % in stocks and 40 % in bonds.

Ford Stokes:
And when the markets go down, money should rush into bonds, and that should also give us income that we need. And that's great. Well, that's an almost next year. It will be a 70 year old strategy, and I would encourage you to consider a new 60 40. The new 60 40 would be 60 % equities, implementing it with ETFs, and we'll talk about that in the next segment and then 40 % kind of a combination between fixed index annuities and structured notes and try to avoid bonds almost altogether. Most people don't understand the types of bonds they hold in their portfolio. They don't understand what's the rate of return, what are the interest rates are getting? They don't understand the systematic and unsystematic market risk they're facing. They also don't understand that bonds are going with a go forward price to earnings ratio of over one hundred and fifty right now, whereas U.S. equities are right around twenty two to twenty three. So just take that risk off the table. That's my job as a fiduciary is to put your needs ahead of my own. Let's go ahead and do a bond replacement with a fixed indexed annuity. And also, maybe if we want to get slightly higher rate of return, we can we can sprinkle in some structured notes as well. But we'll talk about during smart risk on the next segment and we're so glad you're with us. Come right back.

If I had a

Producer:
Million dollars, if I had a million dollars, well, I'd buy you a house. I would buy you a house.

You saved my. I don't know why you say goodbye, I say hello

Ford Stokes:
And welcome back activators, the Active Wealth Show this is Ford Stokes your chief financial adviser and we're talking about how to build a smart financial plan right now. We've just finished talking about smart safe with investing in fixed index annuities and how to build your own personal pension as well. Next, we're going to talk about smart risk and what we implement here at Active Wealth and with our REA Brookstone Capital Management, we implement tactical asset allocation. We also do strategic investing, which is where we're not rebalancing quite as much, but we're strategically structuring the portfolios where we don't have to rebalance quite a bit, anticipating how things are going to go over the next 12 months, things like that. And another way to do that is to invest in to a structured note, which is a security it. It has a combination of derivatives and also an underlying index on how the performance of the index does. But we offered buffer. We offer buffered structured notes as part of our smart risk strategy as well. They can also be another alternative to bonds. The structured notes are this and basically there's a 30 % buffer as long as the S&P five hundred, the Russell 2000 and the Nasdaq 100 do not lose 30 % of their value. For the time that you purchase the structured notes and you can buy these structured notes in increments of a thousand dollars, is you literally your principle is protected and they're going to pay you a higher rate of return? And these these are offered by banks like Bank of America, Goldman Sachs, JP Morgan, Wells Fargo, Bank of Montreal, Citibank.

Ford Stokes:
These are some of the ones that we've invested with in the past, and because we don't charge a brokerage commission on the front end, we only charge our annual advisory and portfolio fee together. And usually for anybody who's listening, that's a zero nine five % here with Active Wealth to everybody who listens to the Active Wealth Show, which we think is incredibly great. Our normal fee is right around two % and we want to do everything we can to help you invest in a smarter financial plan that gets you a higher rate of return than what a bank CD is going to give you at zero point zero five %. As we talked about in the last segment, a structured note is a really good idea to consider. Also, you want to consider a structured note ladder where you ladder five of them in a row. And here's how that works. You take one hundred thousand dollars, you take twenty thousand a month for five consecutive months, investing in five different structured notes with five different issuing banks with five different starting points of the indices with five different interest rates. And therefore you diversify your risk between the actual banks who offer these structured notes of one bank were to fail, the other four would be fine and which we are only working with AAA rated banks that are, you know, I'm doing air quotes of what people would consider too big to fail.

Ford Stokes:
And then also, we're doing it with five different starting points of the indices. So if there was a significant drop, what would happen in March of twenty twenty when the pandemic hit and the lockdown happened? We would do everything we can to make sure that we're invested in four other notes, and therefore it's more than likely that the markets wouldn't go down another 30 % from where that notes prices were if the trigger was hit, but also if it goes down below the thirty thirty point threshold you're looking at. You know, your your money right in the market for the next 12 months. Now they're also these notes cannot be called before the end of month six, so they have to be there for six months, so they have to give you that rate of return. And by the way, our November note that just closed is now offering nine point seventy five % from Bank of America over the next 12 months. And we think that's a really good smart risk way of moving about it. But also investing in ETFs to accomplish your diversification goals is a really good idea as well. We try to avoid mutual funds because we want to be more fee efficient and you want to do everything you can to reduce your expense ratio within your portfolio. Also, you want to reduce your standard deviation. Standard deviation is a measurement of risk, and if you don't know what standard deviation is, you don't know what the definition of a standard deviation is.

Ford Stokes:
Then you probably should reach out to us at Active Wealth and schedule a free financial consultation. We've got to set an appointment button in the upper right corner, and you can just click that and we're happy to talk to you and you can get booked directly into my calendar. You'll talk directly with me, not with a down line advisor. We do have other advisors, but you'll be working with me and we look forward to talking to you. You can also just pick up the phone and give us a call. At (77) 685-1777again (77) 685-1777And we're going to help you. You're going to get a $500 value with free financial planning, including a free portfolio analysis and a free financial plan to your ninety fifth birthday, which we think is a really good idea. And we'll also include that with a Roth Ladder Conversion plan. If you have not implemented a Roth Ladder Conversion plan as part of a smart tax plan, then you should also call us as well. Now, the next element of a smart financial plan that we're going to talk about is smart income, smart income. We just we played our you can generate a personal pension, which is great, but it's great to generate income from a fixed indexed annuity or to generate income from a Roth Ladder Conversion where there's no tax coming out of it.

Ford Stokes:
On the Roth Ladder Conversion, when you withdraw money from a fixed indexed annuity that pays you out it. If it's especially if it's qualified money, you're going to get taxed on that money at your ordinary income tax rate. Now, let's go ahead and play a chapter from my new book Annuity 360 with reduced risk with annuities. This chapter, I think you're going to find a great way to generate smart income while also reducing risk. It's the same go ahead and play how to reduce risk within your portfolio with fixed indexed annuities. Chapter 16 Reduce risk in your portfolio with annuities. Big idea and annuity can protect against several risks that can affect retirees and pre-retirees and offer a better financial safety net than other investment types. One of the biggest benefits of investing in annuities is reducing risk in your portfolio. With current market volatility, pre-retirees and retirees are more concerned than ever about their retirement funds and protecting their hard earned wealth. We believe that annuities can be the answer to risks in your portfolio. Longevity risk retirees and pre-retirees are concerned about outliving their wealth. We have offered some strategies in this book that will stretch your retirement funds, such as following the four % rule, but annuities can offer even more protection against this fear. We are living longer, so it is important to plan for at least three decades of retirement. An annuity can help create an income you can never outlive.

Ford Stokes:
Your money will last for your entire retirement by utilizing monthly, quarterly or yearly distributions from your annuity account after your money grows during the accumulation phase. Market risk fixed index annuities can protect you from market risk. These annuities are not actually invested in the market. They are only tied to a specific market index. This means that you enjoy all the benefits of your market index when it performs well, but you are not exposed to any of the market risks should your index perform poorly. You will either make money or remain flat. Inflation risk annuities can offer riders that can help you adjust for inflation, even though a rider might reduce your payout. Protecting yourself from inflation will ensure that your money lasts and is not exposed to any unnecessary risk. It is important to have an annuity with a payout linked to the Consumer Price Index, or CPI, instead of one that increases at a fixed rate each year to ensure you are protected against inflation risk in annuity, the increases at a flat rate each year does not offer sufficient protection against inflation. Sequence of return risk and annuity with a lifetime withdrawal benefit can counteract the effects of a down market at the start of your retirement. Research conducted by retired one has shown that you can flip 15 years of returns from retiring during a recession to retiring during a market that is up and completely changed your retirement outlook. The positive returns would offset your withdrawals and grow your assets before your account felt the effects of a negative return.

Ford Stokes:
Consider a smart safe plan with a smart safe plan. Your money is invested, not in the market. The characteristics of investing not in the market include growth was safety market upside limited to no downside principal and gains protection. Low cost zero to one % annual fee time horizon of seven to 14 years can earn five to seven % annually. Options are available for guaranteed income. Here are some examples of not in the market investing bank CDs. The annual %age yield API is about one to two %. Your time horizon is typically one to three years, and you cannot access the funds until the contract is up. Treasurys the API is about three %. Your time horizon is 10 years, and you cannot access the funds until the 10 years is up. Fixed annuities The annual %age yield is between three and four %. Your time horizon is typically four to seven years. You are able to access the funds during the contract period. Multiyear guaranteed annuities, or Midas, you get between two and four % growth on your principal, depending on the duration of your policy. This is less growth than a fixed indexed annuity, but it is guaranteed the annuity company is required to pay you the rate they promised for the duration of your policy. Fixed indexed annuities you receive between five and seven % growth on your principal. The time horizon is seven to 14 years and you do have access to the funds in your account if you need them.

Ford Stokes:
A smart, safe plan does not invest your money directly in the market. Your investment is tied to an index without being invested directly in it. This means that you get a portion of the market gains without the market risk. You may want to consider investing in a fixed indexed annuity over other not in the market options if you invest in Treasuries or CDs. You will lose ground in your investment due to inflation. Investing in a fixed index annuity will likely cut down on your inflation risk. We prefer accumulation annuities because they minimize your risk in several areas, and they lock in your gains through the use of point to point protection periods, meaning you won't lose money. So you just heard from our chapter on how to reduce risk with annuities. We want to help you reduce that longevity risk, that market risk, the systematic and unsystematic market risk. We also want to help you generate that important income that you and your spouse are going to need so you can lock that income up. And we come back from the break. We're going to talk more about smart health and smart tax decisions as part of our smart financial plan. And we're so glad you're with us here on the Active Wealth Show come back for segment four. Also got this week in history and a few other great things on the Active Wealth Show. And don't forget, we've always got our really fun final countdown with you.

Producer:
Just the two of us. We can make it if we try to do the. Looking.

But to make me. Taking and no giving.

Ford Stokes:
And welcome back to the Active Wealth Show activators, and we've got this week in history and we've got our first sounder that Sam put together for this week in history. Go ahead and roll that sound or Sam

Producer:
This week in history.

Ford Stokes:
And on 11 18, 1928, Mickey Mouse made his first appearance on screens when Steamboat Willie, the first animated and talking Motion Picture Show, actually debuted. So that's pretty good stuff. Ready to go, Mickey Mouse or girls love Disney and love Mickey Mouse, even though they're 15 now and too cool. But let's get straight into this smart risk and smart, safe and smart health and all the smart financial plan we're talking about. So smart health. Number one is you've got to make great decisions after you turn age like sixty one, not age sixty five on smart health care decisions. Number one is try not to retire too early, where it's going to be too long and too expensive for you to afford health insurance before you become Medicare eligible at the age of sixty five, you're going to you become eligible for Medicare at to sign up for it at sixty four and three quarters with three months before you turn sixty five and then you actually start can start receiving benefits at age sixty five. You also should invest. But the reason we say start planning at age sixty one is because they've have a two year look back for Medicare surcharges. So you want to try to get all of your money into assets and get it out of income as best you can. And you know, if you're doing an early Roth ladder, you want to try to get rid of all that stuff before the age of sixty two. You also want to have a really good plan on what you're doing about converting all of your funds to get that smart tax side of it.

Ford Stokes:
And when you're trying to convert from your IRA to your Roth IRA, that's a big deal. And then also with smart health, you want to cap your cost. You want to take risk off the table so you either want to invest in a Medigap supplement insurance plan or you want to invest in a Medicare Advantage plan. Medigap supplement insurance plan is going to take care of your co-pays and deductibles, and it's going to cost you between. Probably 140 to $200 a month, depending on the plan. And you should also reevaluate that plan every year, and we work with Bonnie Dobbs, who is our licensed partner on the Medicare side, and she's with Medicare and other red tape. And if you get in touch with us, you can just send me an email at Ford and ActiveWealth.com. That's Ford at Active Wealth.com, and we'll put you in touch with Bonnie. And with Medicare Advantage, it's a little bit like working with an HMO. It's not as costly and and you don't have to spend as much money. But if you do go into the hospital, you could be looking at a six thousand seven hundred dollars co-pay for any hospital stay. And that's not something we like. So we prefer the Medigap. We prefer the Medigap supplement insurance plan to Medicare. And also, if you want a free consultation, all you've got to do is visit ActiveWealth.com. Next, let's talk about smart tax, so there's only two types of tax free investments out there. Number one is Roth IRA.

Ford Stokes:
And number two is life insurance. Life insurance. Let me take the second one first. You can invest in life insurance. We've got a fifty five year old male who's married, who works with us. He's an executive with a major manufacturing firm here in Atlanta. And there are Fortune 50 company, and he's putting $2000 away for 10 years and it's called a 10 pay. He's putting in two hundred and forty grand total, and he's going to generate twenty six thousand five hundred two dollars with the illustration says a year when he turns sixty seven years old. We think that's a really good idea because that money is completely tax free. So he's almost like generating a full next Social Security income payment. Without any taxes, it's his own personal income payment, so that's pretty good stuff. Next is a Roth Ladder Conversion what you do in a Roth ladder, you convert a little bit of your IRA to your Roth IRA dollar for dollar over time. And here's what I mean by that. What you do is you want to try to take an investment account and pay the taxes on your conversion that moves from your Roth IRA. I mean, if your IRA to your Roth IRA. So if you take one hundred grand a year and you're doing a Roth conversion? And you've got you're in the 20 % bracket or even twenty two % bracket, you take twenty two grand out of the taxable investment account and you pay the taxes and you move one hundred grand over from your IRA to your Roth IRA. So your Roth IRA goes up as much as your IRA goes down.

Ford Stokes:
And so you're taking taxable dollars to pay the taxes on tax deferred money that is converting to tax free money. It is a no brainer you're going to save six figures plus by implementing your Roth Ladder Conversion in reduced taxes that you're going to pay over your thirty five plus year retirement. We want to do everything we can to make sure that you are reducing the taxes and the fees that you're dealing with during retirement, because those are guarantees. You can talk about market return all you want. You can be as concerned about how much money I'm making off of my money and how much pressure you want to put on your financial advisor and all those kinds of things. You can take as much risk profile as you want in your allocation. You can do all kinds of things, but the guarantees out there are to reduce your tax liability. No brainer that is smart tax decision making. And the other is you want to reduce the fees, our normal fee when we're working with somebody that comes off the street is like right between one and a half and two %. But if you're an activator and you call our office, we're going to do it at zero point nine five %. So you literally you're reducing your the fees you're paying by one point zero five or, you know, more than half a point. That's every year compounded interest that you're not having to pay to somebody else that is going into your account. It's the.

Producer:
So let's recap what you may have missed. It's the final countdown.

Ford Stokes:
So on today's show, we talked about how thankful we were to have each and every one of you as an activator and a listener to this show. And we're also thankful for Sam being our executive producer. He's awesome. We've talked about a smart financial plan today. We we have talked about the runaway inflation. We talked about how the city of Atlanta has actually got the the highest at seven point nine % inflation rate. We've also talked about how to implement a smart financial plan that includes smart income decisions and smart health decisions with fixed index annuities and why it's a good idea to try to generate your own personal pension so you can count on the income that you need and lock that up. In this segment, we've talked about smart tax decisions, whether it's investing in life insurance or in implementing a Roth Ladder Conversion, Roth IRA and life insurance, and we tax free investments out there. We're so glad you've been with us. We're so glad you're an activator. We're thankful for you, and we hope everybody enjoys the start of this holiday season. Hope everybody out there gets a turkey, so they've got turkey for Thanksgiving, and that the shortage out there doesn't affect you. And we want to make sure all the activators get their turkey and honey baked ham and all the fixings and all the stuffing and all that stuff. All the sides out there from Sam and I both we wish you and your family a happy Thanksgiving.

Producer:
Thanks for listening to the Active Wealth Show. You deserve to work with a private wealth management firm that will strategically work to protect your hard earned assets. To schedule your free consultation, call your Chief Financial Advisor Ford Stokes at (77) 685-1777or visit Active Wealth. Investment Advisory Services offered through Brookstone Capital Management LLC become a registered investment advisor. Bcm and Active Wealth Management are independent of each other. Insurance products and services are not offered through BCM, but are offered and sold through individually licensed and appointed agents. Investments involve risk and, unless otherwise stated, are not guaranteed. Past performance cannot be used as an indicator to determine future results.

Producer:
Fixed annuities, including multiyear guaranteed rate annuities, are not designed for short term investments and may be subject to restrictions, fees and surrender charges, as described in the annuity contract guarantees are backed by the financial strength and claims paying ability of the issuer. Any examples used are for illustrative purposes only and do not take into account your particular investment objectives, financial situation or needs, and may not be suitable for all investors. It is not intended to project the performance of any specific investment and is not a solicitation or recommendation of any investment strategy. A purchaser should evaluate and understand all of the risks and costs of an investment in structured notes Essenes. Prior to making any investment decision, a purchase of an SDN entails other risks not associated with an investment in conventional bank deposits. A purchaser may not have a right to withdraw his or her investment prior to maturity or could incur substantial penalties for an early withdrawal if permitted. A purchaser should carefully read the disclosure statement and any other disclosure statements for a S.N. before investing. An investment, in essence, is not FDIC insured and is subject to credit risk. The actual or perceived creditworthiness of the no issuer may affect the market value of SNS. Essence will not be listed on any securities exchange. Even if there is a secondary market, it may not provide enough liquidity to allow purchasers to trade or sell Essenes.

Producer:
As a holder of SNS, purchasers will not have voting rights or rights to receive cash, dividends or other distributions or other rights in the underlying assets or components of the underlying assets. Certain built in costs are likely to adversely affect the value of Essenes prior to maturity. The price, if any, at which the notes can be purchased in secondary market transactions, if at all, will likely be lower than the original issue. Price in any sale prior to the maturity date could result in a substantial loss. Essenes are not designed to be short term trading instruments. Purchasers should be willing to hold any notes to maturity. The tax consequences of Essenes may be uncertain. Purchasers should consult their tax advisor regarding the U.S. federal income tax consequences of an investment. In essence, if a person is callable at the option of the issuer, in the essence is called, the holder will receive only the applicable redemption amount and will not receive any coupon payments that would have been payable for the remainder of the term of the S.N.. As ins are not, FDIC insured may lose principal value and are not bank guaranteed. This material is provided for informational purposes only and should not be construed as investment advice or an offer or solicitation to buy or sell securities. All data believed to be reliable but not guaranteed or responsible for reliance on this data.

Producer:
Past performance is not indicative of future results, which may vary the value of investments and the income derived from investments can go down as well as up. Future returns are not guaranteed and a loss of principal may occur. Brookstone does not provide accounting, tax or legal advice. Investors should be aware that a determination of the tax consequences to them should take into account their specific circumstances and that the tax law is subject to change in the future or retroactively. And investors are strongly urged to consult with their own tax advisor regarding any potential strategy, investment or transaction. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for a client's investment portfolio. Historical performance results for market indices generally do not reflect the deduction of transaction and or custodial charges or the deduction of an investment management fee. The occurrence of which would have the effect of decreasing historical performance results, economic factors, market conditions and investment strategies will affect the performance of any portfolio, and there are no assurances that it will match or outperform any particular benchmark. The investment strategy and types of securities held by the comparison indices may be substantially different from the investment strategy and the types of securities held by the strategy, not FDIC. Insured may lose principal value. No bank guarantee.

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Источник: https://activewealthshow.com/podcast/build-a-smart-financial-plan-during-inflation/

Star Wars: The Old Republic Developers Look Back on 10 Years, and What's Next

The stars of Star Wars: The Old Republic's latest expansion, Legacy of the Sith, prepare for battle.

Star Wars’ Expanded Universe has lived on in myriad ways since it came to an official end in 2014, when Lucasfilm and Disney wiped the slate of continuity clean. While some elements and characters have rejoined canon, and re-releases of classic EU comics and books give chances to re-explore what was, one enduring EU stalwart is ready for more: Bioware’s choice-driven MMO, The Old Republic.

As the MMO turns 10 this year, The Old Republic finds itself at something of a strange crossroads. Unlike many Expanded Universe products, its status as a living, ongoing online game allowed it to escape the end its fellow EU stories were confronted with when Disney and Lucasfilm announced their plans to reboot Star Wars canon, pared down to, at the time, the original and prequel movies, Clone Wars and Rebels, and a handful of new Star Wars publishing items. A decade later, The Old Republic endures, having become a free-to-play game. Many of its ideas and influences can be now felt in current Star Wars projects like the High Republic transmedia initiative, itself its own tale of that “more civilized age” before the Republic fell.

The Old Republic’s connection to its spiritual successor, Bioware and Obsidian’s beloved duology Knights of the Old Republic and its sequel, The Sith Lords, has seen its legacy live on in projects like next year’s KOTOR remake, and even lingering rumors and wishes that Lucasfilm will revisit the era with new cinematic projects. Even as the company’s relationship with the EU has re-warmed—mostly through the chance to merchandize the past with re-releases and Star Wars’ greatest love of all, new toys—The Old Republic has largely been left to its own devices, telling its own continuation of an era thousands of years before the films, one where the Sith Empire and the Republic have waxed and waned in a cycle of conflict. Which means its developers, coming into its latest expansion—Legacy of the Sith—don’t really have much of a challenge when it comes to how to keep The Old Republic and the era it represents alive. Their concerns are, naturally, more about how to keep players invested and active in shaping the story of characters they’ve been playing for the best part of a decade, in a story that lets them determine a lot of moments, big and small.

“It’s got to be that there’s so many choices and options, right?,” Charles Boyd, one of the creative directors on The Old Republic at Bioware Austin, mused of the game’s biggest challenges at a recent press conference to discuss Legacy of the Sith and The Old Republic’s legacy itself. “We do have the benefit of 10 years of story, and 10 years of branching options and storylines, and characters and classes having separate experiences—which is awesome, because whenever we’re like, ‘What do we want to do next?’ we have all this stuff we can look at and say, ‘It’d be cool to continue that piece,’ or ‘Here’s a new thing, how can we ground it in something players know?’”

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But that freedom can also be a blessing and a curse for The Old Republic’s writing team. There are a lot of threads to pick up on—whether they come from the original, class-specific story arcs the game launched with a decade ago, or more more broadly from recent, largely centralized plot lines like those found in Knights of the Fallen Empire and its successor, Knights of the Eternal Throne. But that means there are also myriad inflection points of player choices along the way in those arcs to consider, too. “More than anything, we want players to feel like they’re having a Dungeons and Dragons tabletop experience—where it’s you and a DM and it’s tailored to your choices and past experiences, your future choices and all that. That’s really hard to do when you’re not in the room,” Boyd said. “It’s definitely a challenge when you try to foresee what players will want to do in any given situation and build a story around that without exploding the scope of everything. So, finding that careful balance of player agency and respecting your choices, of playing off your choices, while also telling a cohesive, continuous storyline going forward, it’s my favorite part of building this game—but, it’s also probably the most challenging, for sure.”

That will come to a head when Legacy of the Sith arrives as the game’s latest expansion next month. Not only does the new expansion include a bevy of major mechanical changes that allow players to adopt the combat styles of other classes to change the way they play their own character, narratively the expansion will set both Republic and Sith-aligned heroes alike against one of The Old Republic’s most iconic characters: the Sith Lord Darth Malgus, who has been foe, uneasy ally, and now rogue agent over the years since players first met him. Malgus first returned to The Old Republic in a major way in the last expansion, Onslaught. But the Sith has now gone rogue with his own plans to uncover ancient powers beyond the Republic and Sith Empire’s control, even as the two sides find their cyclical war growing even hotter coming into Legacy of the Sith. There, the Empire invades the watery planet of Manaan in an attempt to force the neutral Selkath people into supplying their medical prowess—as the exclusive home of naturally occuring Kolto, the healing liqud that preceded the Bacta tubes we see in the original Star Wars movies—to the Imperial war effort.

Image for article titled Star Wars: The Old Republic Developers Look Back on 10 Years, and What's Next

“Darth Malgus is probably our most recognizable character, our Sith Lord, he first appeared in the cinematic trailers that preceded SWTOR, so he’s been around longer than 10 years in the players’ minds. He was a warrior for the Empire, he ended up breaking away, trying to do his own thing. Didn’t go so well because the players stopped him. He was presumed dead for many years, but being more machine than man, he survived and has returned to the story in our storyline for the most recent expansion, Onslaught,” Boyd teased of where Malgus has been—and where he’s about to go in Legacy of the Sith. “[He was] seemingly working for the Empire until he managed to break free, yet again, and now he’s gone rogue. He has his own plans. No one knows exactly what they are, but we know they’re not good. So players are eager to discover his secrets, and stop whatever he’s planning before he can pull it off.”

As players prepare to hunt Malgus once again, and even with that strange limbo it finds itself in in relation to its “canonical” cousins a decade on, the SWTOR team still has plenty of ideas about how to keep its pocket of the galaxy far, far away alive. Legacy of the Sith is a celebration of everything that has come so far for the MMO, but it’s far from the end. “We’ve laid out with EA the next couple of years—our five year plans,” Keith Kanneg, The Old Republic’s project director, said of the game’s future. “‘What do we want? What do we have? Where are we going?’, that type of thing. Really, this is a foundation year for us, even though it’s 10 years into our life cycle. We looked into it and said, ‘If we want to last another 10 years, we have to do a lot of improvements, a lot of changes, find where we’re going, where our story is going’—so, where do we see it [with Legacy of the Sith]? Kind of the start of the next 10 years.”

“That’s exactly how I’d put it, too. We want to build on all this amazing storytelling and the choices the players have made to make their character unique up to this point—and keep that going,” Boyd added. “How many games get that opportunity to tell that continuous, branching interactive narrative? But then, at the same time, [we] recognize we have a 10-year-old game, so let’s update some things. Expand options as a player. Carry the game forward into the future.”

Legacy of the Sith, The Old Republic’s latest expansion, will launch on December 14.


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Источник: https://gizmodo.com/star-wars-the-old-republic-developers-look-back-on-10-1848085158

Ally Bank Interest Rates: How To Get the Bank’s Best Rates

Ally Bank is an online bank that offers various financial services, including checking and savings accounts, CDs and home and auto loans. Online banks have gained quite a bit of traction over the past few years, with 30% of Americans having or planning on opening an account with an exclusively online bank. They are a convenient option for consumers comfortable with banking entirely online, and they often provide higher rates than larger national banks. However, if visiting a bank branch is more your speed, or a majority of your income is cash-heavy, you may want to look beyond Ally Bank.

Here’s a list of the main types of consumer accounts at Ally Bank, along with current interest rates and suggestions on how you can get the best rates at Ally Bank:

How To Get the Best Ally Bank Interest Rates

This online bank features no monthly maintenance fees or minimum balance requirements. Ally Bank also pays a higher yield on CDs and savings accounts than more traditional banks. Interest is compounded daily, so your money earns money. To get the best Ally Bank interest rates, you’ll first need to determine your own investing goals. From there you can find the product that best fits your needs.

With Ally Bank being strictly online, there are no physical branches for consumers to visit with questions or concerns. However, there is 24/7 online support with a real person, which may be beneficial for those seeking flexibility for their financial needs. Here’s an overview of Ally Bank’s account types:

Ally Bank Accounts
Account/ProductProduct Type
Ally Bank Online Savings AccountSavings Account
IRA Online Savings AccountSavings Account
Money Market AccountSavings Account
Ally Bank Interest Checking AccountChecking Account
3-Month High YieldCD/IRA
6-Month High YieldCD/IRA
9-Month High YieldCD/IRA
12-Month High YieldCD/IRA
18-Month High YieldCD/IRA
3-Year High YieldCD/IRA
5-Year High YieldCD/IRA
2-Year Raise Your RateCD/IRA
4-Year Raise Your RateCD/IRA
11-Month No Penalty CDCD

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How Do Ally Bank’s Rates Compare to Other Banks?

The online banking space is becoming fairly competitive, and with good reason — many of the best online banks offer impressive savings account and 12-month CD account APYs compared to other, more popular national banks.

This table compares the interest rates of checking accounts, savings accounts and one-year CD accounts for some of the most popular online banks:

How Do Ally Bank’s Rates Compare?
BankChecking Account APYSavings Account APY12-Month CD Account APY
Ally Bank0.25%0.50%0.55%
Discover Bank0.00%0.40%0.55%
Synchrony Bank0.00%2.20%0.55%
FNBO Bank0.15%0.35%0.31%
Axos Bank1.00%0.61%0.20%

Ally Bank offers competitive rates all around, with both Discover Bank and Synchrony Bank currently offering no interest rate for checking accounts. Ally Bank’s savings account APY is 0.50%, which sits in the middle of the pack when in comparison. However, its notable 12-month CD APY of 0.55% stands alongside Discover Bank and Synchrony Bank as one of the best in the industry.

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Ally Bank Checking Account Interest Rates

Ally Bank offers a checking account called the Interest Checking Account. It has considerably high reviews from online consumers and boasts being a checking account that “gives you more.” Ally Bank rewards its customers for banking with them, with unique features like Ally eCheckDeposit, which allows customers to snap a photo to deposit checks remotely. You can also transfer money using only your voice with Ally Skill, which works in coordination with Zelle. And remember, this is all without monthly maintenance fees.

Accounts with a balance of less than $15,000 earn 0.10% APY, while those with a balance of at least $15,000 qualify for 0.25% APY. Ally Bank doesn’t charge for standard or expedited ACH transfers, copies of online statements, incoming domestic or international wires or cashier’s checks. Its checking and savings accounts, however, do come attached with certain fees, like a $25 overdraft fee or a $10 excessive transactions fee.

Also See: Best Checking Accounts of 2020

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Ally Bank Savings Account Interest Rates

Ally Bank allows online savings account holders to organize using “buckets.” Buckets are exactly like digital envelopes, where you can separate parts of your savings for when you decide to use it. Perhaps you are saving up for a new car or a vacation — either way, you can create up to 10 savings buckets that all live in your Online Savings Account. Consumers will be earning interest on the total balance within the savings account.

Account holders can also set up boosters to accelerate savings, including recurring transfers. Ally Bank provides “surprise savings,” where it analyzes linked checking accounts for money that can be transferred safely to savings. Luckily, using any of the savings account tools won’t count against the bank’s six withdrawals limit per statement cycle.

Don’t Miss: Best Savings Accounts of 2021

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Ally Bank Mortgage Interest Rates

Ally Bank has quite a few options if your sights are set on homeownership. These options include a 30-year fixed-rate, 15-year fixed-rate, 10/6 ARM variable and 5/6 ARM variable. These rates are outlined below. This table is reflective of mortgage rates under the assumption that the borrower is a resident of the state of California with a $300,000 conventional loan and placing a 20% down payment:

Ally Bank’s Mortgage Rates
Loan TypeInterest RateAPR
30-year fixed-rate2.750%2.780%
15-year fixed-rate2.125%2.160%
10/6 ARM variable2.500%2.760%
5/6 ARM variable2.375%3.830%

Please note that the interest rate for Ally Bank’s 5/6 ARM and 10/6 ARM is subject to increase after five and 10 years, respectively. Ally Bank also offers its customers “jumbo loans,” which have low rates, a low down payment and a dedicated team of expert home loan advisors. Ally offers 30-year fixed-rate, 15-year fixed-rate and 5/6 adjustable mortgage rate jumbo loans.

Ally’s Jumbo Loan Rates
Loan TypeInterest RateAPR
30-year fixed-rate2.875%2.920%
15-year fixed-rate2.875%2.920%
5/6 adjustable rate2.250%2.800%

Ally Bank rewards you for having a great credit score. If you have a FICO score of 720 or higher, you may qualify for a down payment as low as 10%. Please be aware that these rates are for California residents with a $650,000 loan with 20% down on a single-family home.

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Ally Bank Certificate of Deposit Interest Rates

Ally Bank offers three types of CD accounts — High Yield CD, Raise Your Rate CD and No Penalty CD account. The term lengths, account details and APY for each account are very different, so you will want to decide what you’re looking for in a CD account before picking the best option for your financial needs. Both the High Yield CD and Raise Your Rate CD are available as IRAs, and early withdrawal penalties will apply to both accounts. The High Yield CD allows you to maximize savings with a fixed rate, while the Raise Your Rate CD gives you the opportunity to increase your rate over the two- or four-year term.

The No Penalty CD allows some flexibility before it matures, and you can withdraw money any time after the first six days following the funds deposited. You can also keep the interest earned with no penalties.

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More on Ally Bank

More on Bank Interest Rates

Disclaimer: This content is not provided by Ally Bank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Ally Bank.

Information is accurate as of Nov. 19, 2021.

Источник: https://www.gobankingrates.com/banking/interest-rates/ally-bank-interest-rates/
ally bank raise your rate cd rates

5 Replies to “Ally bank raise your rate cd rates”

  1. punya ku udah terdaftar sms banking. msalkan tlanfer pkai manual pesan bsa gk. tnpa msuk ke aplikasi sms banking. mksh

  2. @santosh sahu nothing like that.....for every issue related to bank account ....not possible to come Andhra...so that's why I want to change the branch

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