Answers about Certificates of Deposit (CD)
Select from the following questions about certificates of deposits or CDs.
- My CD matured today, but the bank will not release the funds to me.
- My CD matured, but I didn't redeem it. What happened to my funds?
- What are the penalties for withdrawing money early from a CD?
- Does the bank have to continue to pay interest on my CD after it matures?
- Interest rates have gone up, but the bank refuses to raise the rate on my CD. Why?
- I cashed my CD before it matured, and the bank charged me an early withdrawal penalty. Can it do this?