If this has proved to be a problem for you before, then rejoice! rejoice! Because Ally Bank has found a way to clear away your troubles. The best CD by far, Ally Bank offers a certificate of deposit with no penalty charges for early withdrawals.

Get a fixed rate CD without having to worry about withdrawing early, because even if you take out your money before the specified term, Ally Bank won’t charge you a penny. Other great features to this offer is that you can open an account with no minimum balance required and no fees whatsoever. The rates are also competitive since you can get the best rate they offer with their Ally Ten Day Best Rate Guarantee. Plus, you get to have your money compounded daily, allowing your cash to grow as fast as it possibly can. Automatic renewals at maturity becomes a positive rather than a negative, since after all, there are no penalties to be made when the money is taken out early. Ally Bank is FDIC Insured to the possible maximum by law.

So, are you wondering what the fine print is? Well, I’m wondering the same thing, because there is none! This is possibly one of the best offers Ally Bank (or any bank for that matter) has made, offering the best rates, the best features, and the best conveniences we all look for in an investment.

Ally Bank has been around for 90 years, making it one of the most trusted banks in America. Ally Bank can be found in key locations in the US such as New York, New York, Salt Lake City, Utah, and Fort Washington, Pennsylvania. It has also gone global, with branches in Shanghai China, Toronto Canada, Sao Paulo Brazil, the United Kingdom and Germany.

• 30 days = All Interest
• 2-18 Month CDs = 3 Months Interest
• 2 Years+ CDs = 6 Months Interest

Some banks have stricter penalties, so be sure to read the fine print!

Ally Bank’s No Penalty CD is only available in the 11 Month term, with a current rate of 1.35 percent. This is a pretty good rate since you can take your money out at any time after the first 6 days without paying a penalty. This 11 Month CD currently beats many 12 Month CDs from major banks, Credit Unions are the exception.

Ally Bank’s Raise Your Rate CD is only available for the 2 Year term, with a rate of 1.92%. With this CD, you have the option of raising your rate once within the 2 year term. If rates go higher than 1.92% you can bump your interest rate up to the higher level.

Here is a list of all of Ally Bank’s CD Rates:

• 3 Month Bank CD Rates – 0.69% APY
• 6 Month Bank CD Rate – 1.14% APY
• 9 Month CD Rate – 1.00% APY
• 12 Month CD Rates – 1.48% AP
• 18 Month CD Rate – 1.60% APY
• 3 Year CD Rate – 2.24% APY
• 4 Year CD Rate – 2.46% APY
• 5 Year CD Rate – 2.94% APY

CD Rates are constantly changing, so to find the most up to date rates, visit Ally.com