If you withdraw the funds before the maturity date, you may incur an early withdrawal penalty. In return for locking in your money for this specified period, the financial institution typically offers a higher interest rate compared to regular savings accounts. When you open a CD, you agree not to withdraw the funds until the maturity date.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |