If at a maturity date you don’t want to renew, you can always take action to withdraw or transfer the funds or change the terms of the CD. This will automatically renew your CD at maturity at the same rates and terms. You can open this account as a Multiple Maturity Fixed-Rate CD. This allows you to work towards both your short-term and long-term savings goals. You have a wide variety of term lengths to choose from, ranging from seven days to 10 years. This Fixed-Rate CD offers just that: a fixed rate for the duration of your CD term. Typically, the longer the term length, the higher the interest rate. Luckily, CDs tend to earn at higher interest rates than regular savings accounts. You choose your account term length, make your deposit and then wait for the term to end to access your funds again.
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