You don't have to be a math genius to figure out how fast your money will grow in a given certificate of deposit (CD.) All you need is a good CD calculator. The Ally Bank CD calculator makes it easy for you to not just calculate growth, but also visualize the growth of your savings, with simple bar charts. You only need to input the amount of your savings and the term of the CD. In an instant, you can see the growth potential of your money in terms of its annual percentage yield (APY). A CD calculator allows you to understand the short- and long-term benefits of CD interest. One of the advantages of CDs is the ability to “set it and forget it.” Because your principal and your interest rate are set for the term of your CD, you don't have to keep a watchful eye on your account. At Ally Bank, your interest will be compounded daily, growing steadily until your CD matures.
Ally Bank CD interest rates are consistently competitive.
When you're comparing CD interest rates, take a look at the variety of online CDs from Ally Bank. Year after year, Ally Bank interest rates have been consistently competitive. And Ally Bank online CDs are secure—all deposits are insured by the FDIC up to the maximum allowed by law.
So try our CD calculator. It only takes a few minutes to get an idea of the growth potential of your savings here at Ally Bank. Learn more at Ally.com or call live, 24/7 customer support at 877-247-ALLY (2559) today.