I thought I'd open a CD to save up my down payment, but after doing my research I chose an Ally high-yield savings account to earn 20 times more on my money

Jun 17 2019 by Business Insider

 

Author Sarah Li Cain and her husband were saving for a down payment on their house, and had to decide: Where should they keep their savings? Knowing they'd need the money in the near future, they looked at putting the cash in a certificate of deposit (CD), an interest-yielding FDIC-insured savings instrument. However, because they weren't sure exactly when they'd need the money, and they wanted to keep putting money into savings, they decided on an Ally high-yield savings account for its...
Continue Reading I thought I'd open a CD to save up my down payment, but after doing my research I chose an Ally high-yield savings account to earn 20 times more on my money