A CD early withdrawal penalty could cost you a good chunk of cash, but if you understand the terms and how this savings tool works, you can avoid getting hurt. The basics Banks issue CDs for a set amount of money and a set amount of time. (Credit unions do, too, but they call them...
The article CD Early Withdrawal Penalties Can Cost You originally appeared on NerdWallet.
from NerdWallet
https://www.nerdwallet.com/blog/banking/cds/cd-early-withdrawal-fees/
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