Better CD Rates for Repeat Customers

The more accounts you have at a bank, the better interest rates you may get.

When it’s time to roll over a certificate of deposit, fishing for a higher interest rate is always smart. But before you yank savings out of your current bank, see whether it will offer you a higher rate for being a repeat customer. For instance, Ally Bank recently offered an interest-rate bonus to a customer who renewed a $15,000 six-month CD for 11 months.

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Lisa Gerstner
Editor, Kiplinger Personal Finance magazine

Lisa has been the editor of Kiplinger Personal Finance since June 2023. Previously, she spent more than a decade reporting and writing for the magazine on a variety of topics, including credit, banking and retirement. She has shared her expertise as a guest on the Today Show, CNN, Fox, NPR, Cheddar and many other media outlets around the nation. Lisa graduated from Ball State University and received the school’s “Graduate of the Last Decade” award in 2014. A military spouse, she has moved around the U.S. and currently lives in the Philadelphia area with her husband and two sons.