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What is automatic renewal?

In Banking - Cds - Asked by Admin - 14 months ago

Automatic renewal is where an institution can choose to automatically rollver a CD after its maturity date.

Answered by Admin - 14 months ago

Tags: automatic renewal, cd, cds, banking cds, banks, banking, what is automatic renewal?

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If you have cash sitting in the bank and are scared to invest it into something or have a reason not to invest a CD might be a good option. CDs are a way to make a higher percentage from the bank each year. CDs come in different time periods and rates. If you have questions about CDs or need the answer to questions like "what is automatic renewal?" Zuuply.com can answer them or you can browse our archives.