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No. A CD issued with a specified rate stands and the bank is liable to pay that interest, irrespective of whether the prevailing market interest rates are higher or lower. Remember it is a fixed rate, assuming the bank issued a CD to you at 7%, even if the market rates are only 6% the bank would give you 7%, similarly even if the market rates are 9% the bank would give you only 7%.

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16y ago

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