Ally Bank raising rates

Ally saving account is a good rate. However, Sally Mae Bank just beat Ally’s no penalty cd. 2.7% vs 2,0%

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Love me some Ally Bank…and now with the Savings Buckets it creates a virtual envelope system for allocating across different targets.

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Kathy Jones, Charles Schwab - The Federal Reserve delivered another jumbo-sized rate hike at its meeting this week, lifting the upper bound of the fed funds target range by 75 basis points to 3.25%. Citing the need to bring down inflation and keep it down, the Fed’s projection indicates that it’s likely to continue raising the rate to a peak level of 4.6% in 2023, implying roughly 150 basis points in additional hikes.

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