Questions before exercising your CD renewal1 of 6If 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. Related Articles:Choosing alternative CDsRising-rate CDs: a primerHigher CD yields onlineCreative CD ladderingRelated Links:Brokered CDs a mixed bagTypes of CDsCD ladder calculatorCompounding and CD value advertisement
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.
A little research could save you BIG on interest.
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