Monday, October 12, 2026

Question: What typically happens when a CD matures if you do nothing?

Answer: It renews itself. Your bank or credit union has to mail you a notice before the term ends, and most give you a short grace period afterward to take the money out without a penalty. Miss that window and your cash is locked into a fresh term at whatever rate the bank is paying that day, which could be better than your old one or worse. (See Rules)