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Huge Change to Ally Bank CDs Will Benefit Savers

Posted by drake 852 days ago (http://www.depositaccounts.com)
Category: Personal Finance | Tags: cd rates ally bank
I just learned that Ally Bank has reduced the early withdrawal penalty for all CD terms to only 60 days of interest. This is a huge change especially for the long-term CDs, and it's a brilliant loophole against the reported FDIC rate caps.
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