Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How are CD rates determined and locked in?

April 26, 2017CD locked rates

0

Posted

How are CD rates determined and locked in?

1 Answer

0

Posted

CD rates are locked in depending on how the new CD is funded. If funding by wire, the rate is guaranteed by the date the wire is received. If funding by check, you will receive the rate in effect on either the envelope postmark date or the date the check is received, whichever is higher.