Can additional deposits be made into an existing certificate of deposit (CD)?

Asked Mar 5, 2013· 1 answer
Faisal KhanAnswered Mar 5, 2013
Yes, depending on how your CD is structured. If you have a monthly, then adding is no issue. At the start of every month, all your CDs will be one and the cycle is started again. If you have varying terms, then they are most likely to be treated separately due to the deposit rate and the term.
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