Re: Best current options for cash and STT's?
Posted: Wed Oct 28, 2020 10:47 am
Investors in online Ally bank CDs ( 5 year CD currently 1.00%) should take note of a thread over on bogleheads:
Ally has apparently ended its online early withdrawal option. Holders of CDs who want an early redemption must now call the bank and speak in person to a customer service rep. There are also complaints that the bank has effectively granted itself a float of investors’ cash by taking 1-2 business days to deliver proceeds of redeemed CDs to an checking accounts.
https://www.bogleheads.org/forum/viewto ... 0&t=328172
Ally has apparently ended its online early withdrawal option. Holders of CDs who want an early redemption must now call the bank and speak in person to a customer service rep. There are also complaints that the bank has effectively granted itself a float of investors’ cash by taking 1-2 business days to deliver proceeds of redeemed CDs to an checking accounts.
https://www.bogleheads.org/forum/viewto ... 0&t=328172