When you renew after a short-term CD matures, you might end up with a lower rate. Another consideration is that you could lock in a rate for a longer term only to see yields rise, causing you to ...
Economic growth, financial sector stability and inflation impact new CD yields. The most significant influence is the federal funds rate, which is the interest rate banks charge one another for ...
During this grace period, you can choose to withdraw your funds, renew the CD for another term or move your money into a different type of account. If you do not take action within this period ...