Rates Current as of Wednesday February 08, 2012

Tip #34

If you are shopping for certificates of deposit the penalties for early withdrawal have to be considered. Suppose you purchased a five-year CD three years ago when interest rates were very low; is it worthwhile to take the early withdrawal hit and use the proceeds to buy a new CD at today’s much-better rates? That will take some analysis on your part, but it’s definitely worth the time.

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Tip #34

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