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Why Waiting for a CD To Mature Is Best

September 2012

If you are saving money with a CD and interest rates suddenly go up, you might be tempted to move your money into a new, higher-rate CD, even if it means you'll pay a penalty. Beyond doing the math to see if such a change would work in your favor as opposed to waiting until full CD maturity, you could also look into CD products that help take advantage of rising rates.

Ally provides options that can help ensure that you're always getting a competitive rate. Look into our Raise Your Rate CD, which allows you the option to increase your CD rate for no charge if current rates go up during the term of your account.

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