FDIC-Insured - Backed by the full faith and credit of the U.S. GovernmentWhen your Certificate of Deposit (CD) reaches maturity, it’s important to understand the options you have for what to do next and timing so you can choose what works best for you and make the most of your savings.
What You Can Do at Maturity
- Let Your CD Roll Over Automatically: Keep earning at your current rate with no action needed—simple, secure, and uninterrupted growth.
- Open a New CD at a Different Rate or Term: Take advantage of our latest Triple Advantage CD rates or terms to align your savings with your current plans—potentially earning more or gaining flexibility.
- Move Funds to a High-Yield Savings Account: Open a Triple Advantage Savings or Triple Advantage Checking account to continue earning interest while keeping funds easily accessible—above-average interest rates on balances $0.01 and up.
- Withdraw Funds: Close your CD and transfer the full balance to your preferred account—funds can be sent via ACH transfer at no cost or by mailing a paper check for a $10 processing fee.
Next Steps for Your CD
If no action is taken by your CD's maturity date, or within 10 days after, your CD will automatically renew for the same term at the current market rate unless you contact us to make a change. If your plans have shifted, our team will be ready to guide you through the process and answer any questions so you can make an informed choice about what works best for your savings goals.
Note: For security purposes, we must speak with you over the phone and verify your identity before processing any changes to your CD.
Support
If you have any questions as your explore your options, our team is here to help. You can reach us Monday-Friday 9am-9pm ET by dialing 855.999.2265 or emailing support@acg.grasshopper.bank.