Unlocking the Hidden Benefits of Certificates of Deposit (CDs)
Tuesday, 30 April 2024, 18:00
Rate increases
Certificates of deposit (CDs) typically lock in your rate for the full length of your CD term, but some CDs offer rate increases if the rates on new CDs are higher than what you're getting.
- Step-up CDs have a predetermined rate increase schedule.
- Bump-up CDs enable you to request rate increases during the term.
No-penalty withdrawals
Discover rare no-penalty CDs that allow you to withdraw your cash anytime without penalties.
Early access to interest payments
Learn about CDs that let you transfer monthly interest payments to another account for immediate access.
If you're considering a CD, understand these perks to make an informed decision that aligns with your financial goals.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.