Certificate of Deposit question

Nocturnal

Lifer
Jan 8, 2002
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Can you add funds while it is maturing? Or is it once you add whatever you want it stops there and you just kinda sit on it like a bond?

What is the difference between a bond and a CD?
 

KingNothing

Diamond Member
Apr 6, 2002
7,141
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You can most definitely add money to a CD...dunno about a bond. I think CDs probably have higher interest rates.

As low as interest rates are right now though, CDs don't make much sense.
 

Nocturnal

Lifer
Jan 8, 2002
18,927
0
76
I just think it's a lot easier for me since I believe they have certain CDs with penalties if I do have to dig into it etc etc. Like a regular savings account is so easily accessible by going to my bank, filling out a paper saying I want to widthdraw, and bam I have $. With a CD I can't just walk into the bank without having to take at least half an hour to an hour of waiting time to take money out, right?