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Does the bank have to continue to pay interest on my CD after it matures?

Not necessarily. If you choose to roll over/renew the CD for another term, the bank will pay interest according to the roll over or renewal terms of your account agreement.

Let's say you haven't decided in advance. Once the CD matures, you may have a grace period, established by the bank, to decide whether to renew the CD or withdraw the funds. The bank will pay interest, if any, once the CD matures in accordance with your account agreement and bank policy during the grace period.

You should review your account agreement, which explains if interest is paid after maturity. You should have received this agreement when you opened the account.

Last Reviewed: April 2021

Please note: The terms "bank" and "banks" used in these answers generally refer to national banks, federal savings associations, and federal branches or agencies of foreign banking organizations that are regulated by the Office of the Comptroller of the Currency (OCC). Find out if the OCC regulates your bank. Information provided on should not be construed as legal advice or a legal opinion of the OCC.

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