Advice on which account is better option for my $125,000 CD coming due

[Nastywarnob]

What happens if your terminate a CD early? Fees.


Don't CDs lock you in as well? If you buy a 3 year CD you are locked in unless you are willing to pay an early withdrawal penalty.

What happens if your terminate a CD early? Fees.


Don't CDs lock you in as well? If you buy a 3 year CD you are locked in unless you are willing to pay an early withdrawal penalty.

Hmmm. Don’t

What happens if your terminate a CD early? Fees.


Don't CDs lock you in as well? If you buy a 3 year CD you are locked in unless you are willing to pay an early withdrawal penalty.

I happened to come back in here. I didn’t make any recommendations about reinvesting in a CD. But agree on your point about CDs as well.

What happens if your terminate a CD early? Fees.


Don't CDs lock you in as well? If you buy a 3 year CD you are locked in unless you are willing to pay an early withdrawal penalty.

I happened to come back in here. I didn’t make any recommendations about reinvesting in a CD. But agree on your point about terms on CDs as well.

 

[pb4uski]

^^^ WTF? Too much green beer today?

 

[Henry Lili]

Yes. There is a penalty. The longer the term the higher the penalty. It's in the terms. For a 5 year it's usually a full year of interest. Sometimes less or more. Marcus often offers no penalty CD's though at a slightly lower rate. It's worth digging in a little bit. Good luck.

 

[Luvtoride]

I chased a lot of bonuses and made some good money but got tired of keeping up with all the 1099.

lol, tired of earning those bonuses because of getting 1099’s?