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I’ve had a CD for 3 years and it matures soon. How do I get my money when my CD matures? How do I find out what the new interest rates will be so I can decide if I want to open a new one or will it just go into a new 3 year CD. I don’t know if I can have that money tied up for so long again. Do you have any short term CDs that get good interest?
Brett, Greenville, SC
March 24, 2014 09:14:21 AM
4 people recommended this |
In reply to Brett, Greenville, SC
Thanks for stopping by TD Helps today Brett. You’ve asked a lot of good questions about Certificate of Deposits (CDs) and we have the answers!
Certificate of Deposits are automatically renewed at maturity. If you choose to renew the CD, based on the terms outlined in your renewal letter then you do not have to do anything. The CD will automatically renew at the current interest rate in effect on the maturity date. You have a 10 calendar day grace period from the CD maturity date to renew, change terms, or close the CD without penalties. To close your CD we ask that you stop by your local TD Bank with valid State issued ID. Just let a Representative know you are closing out a CD and they will take it from there.
Having access to your money is important. To help you decide whether to close your CD, change the term or select a different type of CD, check out this link http://bit.ly/1prV1SF for options. This includes different terms of CDs, as well as, current APY and notable benefits for each type of Certificate of Deposits we offer.
Sandy D, Mount Laurel
March 25, 2014 01:09:57 PM
1 person recommended this