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5 questions before renewing your CD

Questions before exercising your CD renewal
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If bottom-of-the-barrel interest rates are taking a toll on your investment earnings, you may be worried about the big decision: to renew or not to renew your certificate of deposit.

Whether you're saving for a big event, planning for retirement or simply hoping to earn some additional income, exercising the option to renew requires you to study the market and study your personal financial picture.

Before the letter from the bank arrives in the mail to alert you of your CD's upcoming maturity, here are five crucial questions to help you reach a well-informed answer that fits your personal needs.


 

 

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Product Rate Change Last week
1 Year CD 0.89%  0.01 0.88%
2 Year CD 1.01%  0.02 1.03%
5 Year CD 1.59%  0.01 1.60%
 
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