Quote:
Originally Posted by kork13
Jim, using CDs as an emergency fund sounds interesting to me... but how do you arrange for those CDs to 'roll over'? Can/will banks do this automatically for you?
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I'm not Jim, but I can answer your question. Yes, CDs will roll over automatically unless you instruct the bank otherwise. The bank will send you a notice before the CD is due to mature to remind you of the maturity date and give you instructions on what to do if you want to cash out. If you take no action, the CD renews at the prevailing rate.