Savings Account & MMA Rates
CD (Certificate of Deposit) Rates
Here’s another long-term CD with such a small early withdrawal penalty that it’s a better bet than the top-paying short-term CDs.
It’s Ally Bank’s 5-year certificate of deposit.
The online bank of GMAC Financial combines an above-average interest rate with the most lenient early withdrawal penalty we know of — just two months worth of interest.
That allows savers to cash out after just a year or two, pay the penalty, and still out-earn the best 12- or 24-month CDs.
(9 votes, average: 4.56 out of 5)
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