How To Evaluate CD Rates: The Variables That Decide What You Keep, Not Just What You Earn
A saver moves $25,000 into a 12-month certificate of deposit advertising a headline rate, then needs the cash in month seven. The early-withdrawal penalty takes back several months of interest, and the rate that won the
A certificate of deposit is a savings tool that locks your money away for a set time. You should read the fine print because taking your money out early can cost you some of the interest you earned.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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