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11-09-2022, 10:38 AM
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Member
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Join Date: Jul 2014
Posts: 54
Thanks: 519
Thanked 50 Times in 20 Posts
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Early withdrawal fees
Quote:
Originally Posted by dewilson58
Also, must you investigate if you move forward............................At some brokers, if you buy a CD thru them and you need your cash early, they sell your CD on the market, with fees and with market pricing......which may not be good. Unlike buying from a "bank", you lose some interest for early withdrawal.
Could be a good opportunity,,,,,,,,,,,,,,,,,,,,,,,,,jus go in with eyes wide open and ask questions.
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Banks are charging EXORBITANT early withdrawal fees on CDs. 3 months up to ALL months if it is a very high interest rate
Read the fine print on everything!
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