A CD is a certificate of deposit which is a time deposit savings with fixed terms.
In the process of opening a CD bank account, Search "How do i open a bank CD?" into any of the common search engines.
You should visit the bank where you opened the CD and carry the CD document that they gave you when you opened the deposit. You need to submit this with a customer service officer in the bank and request to liquidate it. The bank will ask you the details of the bank account into which the funds need to be deposited and once you provide that, the bank will close/liquidate your CD and deposit the money into your bank account
You open a 9 month CD at 5/3 CD in any bank in Detroit
No. A Matured CD can be cashed only at the bank branch that issued the CD. Let's say you opened a CD with Bank of America in New York, you need to take the CD certificate to a bank of America branch in New York to cash it. If you take it to Chase bank in New York, they won't be able to help you because the money is with bank of America and chase bank wouldn't pay you for depositing money with another bank.
A CD with a maturity date of 5 years is currently paying 2.45% interest at the Bank of Houston. This is the highest yielding CD offered by the bank.
CD rates are the interest rates you earn on your CD deposit. The rates can vary from bank to bank.
Try Bank of America, they have good CD rates for new customers.
"Huntington" IS THE BEST BANK CD INTEREST RATE OFFERED IN DETROIT WHICH CANNOT BE COMPARED WITH THE OTHER BANK CD RATES
Bank of America offers the highest CD rates in the industry.
The following banks have the best jumbo CD rates: City bank, Ally bank, Nationwide bank, Ever bank, Bank of internet USA, Discover bank and Doral Bank.
Try www.BestOnlineCDRates.com to compare CD rates in your area. This site, www.bargaineering.com/articles/bank-cd-rates.html, claims to have the most current and competetive CD bank rates throughout the country. Depending on the bank, they usually do have the best CD rates. You can compare rates on www.bankrate.com.
If you had opened the CD online, you can close it online. But if you do not have an online account, and have the CD certificate with you, then you have to wait until the bank opens on the next working day to cash your CD.