If you're saving for a short-term goal, you probably don't want to take any chances with your money. But when the typical savings account Annual Percentage Yield (APY) hovers near zero, you might start thinking about 3-month CD rates as a viable alternative. But 3-month CD rates aren't always as great as you'd like to see. If you find that's the case, you can rely on the following options from Ally Bank.

Option 1: The Ally Bank Online Savings Account

The Ally Bank Online Savings Account has a variable Annual Percentage Yield (APY) that is consistently among the most competitive in the country. There’s no monthly maintenance fee and you can open and fund an account with any amount.

Option 2: The Ally Bank Money Market Account

With an Ally Bank Money Market Account, you earn a variable rate that's consistently among the most competitive in the country according to Bankrate.com, and you can open and fund your account with any amount. You get free standard checks and a debit card for convenient access to your money. You can use any Allpoint no-fee ATM—plus receive up to $10 reimbursement for fees charged at other ATMs nationwide each statement cycle.

Option 3: An Ally Bank No Penalty CD

The Ally Bank No Penalty CD allows you to withdraw all your money, including interest earned, without any penalty, any time after the first six days following the date you fund your account.

Let us help you reach your savings goals. Learn more at Allybank.com or call live, 24/7 customer care at 877-247-ALLY (2559) today.

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