0
What else can I help you with?
What are CD rates and how do they affect banking?
CD rates are a interest that the bank offers the owner of a CD account for the period of time they choose for the CD. It's good for the bank since they have that money they can invest and make more money than what they offer us.
what happens to a cd if a bank closes or go bankrupt?
Assuming that your CD is in a bank that is insured by the FDIC, and it is less than $100,000 ($250,000 temporary for now), you are protected. However, chances are that your bank may be taken over by a bigger one - this could result in the new bank honoring the CD until maturity. Either way, your assets should be safe.
How can I purchase a CD from a bank?
To purchase a CD from a bank, you can visit a branch or contact the bank online or by phone to inquire about their CD options. You will need to provide your personal information and the amount you wish to invest in the CD. The bank will then help you open the CD account and deposit the funds.
How should you liquidate a bank CD?
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
Where can I find a good bank CD?
Try Bank of America, they have good CD rates for new customers.
What are CD rates and how do they affect banking?
CD rates are a interest that the bank offers the owner of a CD account for the period of time they choose for the CD. It's good for the bank since they have that money they can invest and make more money than what they offer us.
What happens if I need to cash in my bank CD before the term is up?
Usually the bank will charge you a penalty fee for taking your money out early.
what happens to a cd if a bank closes or go bankrupt?
Assuming that your CD is in a bank that is insured by the FDIC, and it is less than $100,000 ($250,000 temporary for now), you are protected. However, chances are that your bank may be taken over by a bigger one - this could result in the new bank honoring the CD until maturity. Either way, your assets should be safe.
What is the highest CD rate available to a small business owner?
CD rates will vary anywhere from 1.3% for 1 year CD's up to 2.75% for 5 year CD's. Occasionally you will find a local bank with offers with an added incentive, in order to get your business.
How do I go about opening a bank CD?
In the process of opening a CD bank account, Search "How do i open a bank CD?" into any of the common search engines.
How can I purchase a CD from a bank?
To purchase a CD from a bank, you can visit a branch or contact the bank online or by phone to inquire about their CD options. You will need to provide your personal information and the amount you wish to invest in the CD. The bank will then help you open the CD account and deposit the funds.
Is CD investment risky?
No. CD stands for Certificate of Deposit which is a certificate issued by a bank after they accept the deposit from you. No matter what happens, this money will be returned to you on the date of maturity/completion of this deposit.
How should you liquidate a bank CD?
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
Can I open a CD in any bank in Detroit, MI?
You open a 9 month CD at 5/3 CD in any bank in Detroit
Can you cash a matured CD at any bank?
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.
Where can I find a good bank CD?
Try Bank of America, they have good CD rates for new customers.
What are cdrates?
CD rates are the interest rates you earn on your CD deposit. The rates can vary from bank to bank.
