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Stock impact report

Are CD returns worth the withdrawal restrictions? Experts offer insight [CBS News]

Community Financial System, Inc. (CBU) 
Last community financial system, inc. earnings: 4/20 06:45 am Check Earnings Report
US:NYSE Investor Relations: ir.communitybanksystem.com
Company Research Source: CBS News
their cash in something with low risk and the potential for high returns. CD interest rates can vary widely, but if you shop around, you can easily find CDs in a wide range of terms offering over 4% APY currently. In exchange for those high CD rates, you agree to hold your funds in the account for a set term , which could be anywhere from a few months up to 10 years. If you need to access your funds early, you could get hit with an early withdrawal penalty Given the restrictive CD withdrawal rules, it's important to weigh the potential CD returns along with the risks and understand when it makes sense to use a CD and when it doesn't. We spoke with three experts who share when a certificate of deposit is a good idea, despite the restrictions and when it's Read more
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