Similar Stories to Cd Loan: How It Works on Bing News

Spencer Tierney, NerdWallet.com
Thu, 10/08/2020 - 5:32am

Typically the only way to use money from a certificate of deposit at a bank or credit union before its term ends is to withdraw early and pay a penalty. But there’s an alternative: borrowing a lump sum from the bank holding your CD. You pay back that sum over time, with interest.

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Topics:  cd you   spencer tierney    spencernerd   loan   it works   cd   nerdwallet   bank   pay   sum   
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