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%.
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
Try Bank of America, they have good CD rates for new customers.
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.
In computer lingo, CD stands for Compact Disc.
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.
CD stands for Compact Disc.
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%.
It stands for compact disc>
In the process of opening a CD bank account, Search "How do i open a bank CD?" into any of the common search engines.
CD stands for Compact Disc.
The acronym CD stands for Compact Disc.
I'm not sure what CD stands for, but I'm pretty sure that DVD stands for Digital Video Device
CD stands for Compact Disc. It also stands for Corps Diplomatique (when seen on a car) and for Civil Defense.
CD stands for compact disc.
the word CD stands for compact disk often shortened to CD ROM