Can I take money out of my cd even if it's there for 3 years?

Asked by: Angela


Yes, you can but you will get charged a penalty. It's very common to have to pay back all of the interest you earned if you just opened up your CD. From there, it can be anywhere from 3 month's interest you need to pay back to as much as 3 year's interest. Check with your bank.
Answered By: Frank

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