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Your bank's been acquired: Should you stay?

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While the rate you're getting for your current CD isn't going to change, you'll definitely want to keep a close eye on things when renewal time comes around. Your new savings institution may not be as competitive as your former one, so a change of ownership is a good time to shop around for a better rate.

Of course, it's wise to examine rates every time a CD is up for renewal, but few people do so. When a bank gets new owners, though, it's a good reminder that there are other places eager for your business.


 

 

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