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this is interesting

"...if you go with Ally, they only require 2 month's worth of interest as the penalty for any CD. That means you can opt for a 5 year CD at 2.40% APY and still break the CD after only 4 months and take away an annualized return of 1.20% APY. Put another way with a 5-year CD, you only risk 0.4% of your principal in exchange for a guaranteed 2.40% APY..."

By my calculation, if I deposit $5k in a 5 year CD with Ally @ 2.37%, and I need to withdraw in, say, 6 months, I would receive approx. $39.50 in interest ($59.25 - 2 months interest of $19.75). On my original deposit, this would give me a yield of around 1.27%? Is my math right here?

If this is the case, this almost seems too good to be true. Park all of your money here in, hypothetically, $1k increments and let it grow! Only redeem what you need and pay a penalty on that.

Am I reading this right?
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