Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Ally Bank's After-Penalty 5-Year CD Rates By Month

Tuesday, February 8, 2011 - 3:46 PMAlly Bank - Details
Allan Roth in his CBS MoneyWatch blog post has a useful table of Ally Bank's 5-year CD with the after-penalty returns for each of the first 12 months and then every 1 year after that. As you can see in the table, this CD quickly beats short-term CDs after just 4 months.

One important downside to Ally's CDs is that they don't allow a partial withdrawal. So it's better to open multiple small CDs. That way you don't have to close the entire CD if you need some money.

Last month I did a new review of Ally's 5-year CD comparing it to some other top long-term CDs

I first reviewed this 60-day early withdrawal penalty from Ally Bank just over a year ago.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634