The No Penalty Approach to Bank Rates: CD Planning

Competitive CD Rates. Open and Fund With Any Amount.

October 2014

If you're the kind of person who keeps an eye on bank rates, saving with certificates of deposit (CDs) probably isn’t new to you. But some people see CDs as only a long-term saving solution, particularly because most CDs have early withdrawal penalties. It’s true that CDs with higher interest rates usually have longer terms. So while the relatively lower rates attached to shorter-termed CDs are better than nothing at all, it makes sense to look for an alternative that gives you a great rate without an early withdrawal penalty.

With the Ally Bank No Penalty CD you can withdraw all your money, including interest earned, without penalty, any time after the first six days following the date you fund your CD—and get a competitive rate. So if you're accustomed to chasing the best APY all over the market, you’ll be interested to find that at Ally Bank you not only get some of the most competitive rates in the country, but also a range of CD products to suit your individual savings goals.

Plus, all your deposits are insured by the Federal Deposit Insurance Corporation (FDIC) up to the maximum allowed by law. You can open and fund a CD with any amount, and the Ally Bank Ten Day Best Rate Guarantee for CDs gives you the best rate we offer for your CD term during the ten days starting with your CD open date, provided you fund your CD within that time.

Learn more by visiting Allybank.com or call live, 24/7 customer care at 877-247-ALLY (2559) today.

Ally Bank, Member FDIC

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