<prompt> Human: Just interested in hearing your thoughts. I was looking at high interest savings accountsMMACDs and came across Ally of course. They offer a no penalty CD with .87 apy...they also offer just a regular savings account for the exact same amount. Why even offer a CD if you can get a savings account with the same rate?  <response>: Why even offer a CD if you can get a savings account with the same rate?Because the CDs rate is guaranteed for the term of the CD whereas the savings account may drop at any time.Meanwhile the CD may be no penalty, but you cant go adding and removing money from it arbitrarily.There are pros and cons to each. 