The average savings rate is only 0.06% but you can earn without any risk, and if you choose , you can access your money anytime you need it.

“The Best Way to Earn a Risk-Free Today is Ally Bank’s Low Penalty CD”

 

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has the lowest early withdrawal fee of all the banks and credit unions for a 5 year CD: 2 months interest.

Here is Ally’s exact wording on their early withdrawal policy:

If you withdraw all of the funds you have deposited in a CD prior to the
maturity date, we will close your CD, add the accrued interest to date to the balance
and impose a penalty on your early withdrawal. The penalty imposed will equal sixty
(60) days of interest. This penalty does not apply in the case of death, disability or
legal incapacity of any owner, or in the case of the Ally No Penalty CD…

Click here to view the full Deposit Agreement on Ally’s site.

Even if you withdraw your money after only 4 months and pay the penalty, with Ally you will have earned more interest than with a 1.04% savings account held for the same amount of time.

Boost your savings rate worry-free by opening a – you’ll still have access to your money. Ally has a very easy online application and there is no minimum deposit to open a CD.

Click here to visit .