I thought of this yesterday after walking out of my bank while reinvesting a CD. It used to be (year's ago) that banks and S&L gave you the option of having the monthly interest paid out by check or possibly into a second account such as a checking.
Do banks still offer paying monthly interest in cash (check, etc) each month or is it only available by reinvesting now? Been years since I've had them cut me a monthly check.
Do banks still offer paying monthly interest in cash (check, etc) each month or is it only available by reinvesting now? Been years since I've had them cut me a monthly check.