CD Just matured!

Mind Of Logic

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cd2.png

Ujelly?
 
From Wikipedia: "CDs are similar to savings accounts in that they are insured and thus virtually risk-free; they are "money in the bank" (CDs are insured by the Federal Deposit Insurance Corporation (FDIC) for banks or by the National Credit Union Administration (NCUA) for credit unions). They are different from savings accounts in that the CD has a specific, fixed term (often three months, six months, or one to five years), and, usually, a fixed interest rate. It is intended that the CD be held until maturity, at which time the money may be withdrawn together with the accrued interest."
 
Not sure what the interest is, but I can legally withdraw any amount at any time. I have had these forever, and was allowed to withdraw when I turned 18, but I didn't. I will shortly though, seeing as they are matured and I wouldn't have to take a penalty. I forgot I had em, so I thought I'd share.
 
HahaNerd said:
Not sure what the interest is, but I can legally withdraw any amount at any time. I have had these forever, and was allowed to withdraw when I turned 18, but I didn't. I will shortly though, seeing as they are matured and I wouldn't have to take a penalty. I forgot I had em, so I thought I'd share.
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What are the requirements needed to set up one of these, and can you take me through it, I've become extremely interested.
 
I have no clue how to set one up. That is what my late grandfather left me. Just talk with your branch. They probably will have their own requirements.
 
Oh I see, so the balance it shows, can you withdraw that much?
 
HahaNerd said:
Yes, but I have no need to atm.
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No need for 35k?

I could use 35k for a lot :L

I'd be happy to set one of these up and get 5k.
 
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