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For example, Capital One has no account minimum balance requirement, ... Add-on CD. Add-on CDs function more like a standard savings account. After you open the CD, you can make additional ...
An add-on certificate of deposit, or "add-on CD," is a specialized type of certificate of deposit. It has the same term and withdrawal limits as a standard CD. It differs in that you can add to ...
Add-on CD: Allows you to make additional deposits during the CD’s term. ... For example, if the $10,000 CD has a one-year term with a rate of 1.00% APY, it would earn $100.
Add-on CDs can offer more flexibility than a traditional CD.
Here's happens when a CD matures — and your 3 main options. Skip to main content. Subscriptions ... Let’s say you have $10,000 in a one-year CD earning 4% interest. When it matures, your bank ...
Add-on CDs: Unlike other CD types, an add-on CD allows you to make one or more deposits after the initial deposit. That way, you can continually grow your savings as more money becomes available ...