Common Questions About CD Ladders

• What is a CD ladder?

  A CD ladder is a group of 4 CDs opened at the same time for the same amount, but for different terms. When each CD matures, its term will change to the longest term of the ladder.

  A CD ladder can help you build a saving strategy to earn interest over time, while providing you access to a portion of your funds at staggered intervals.

   

  

• Who can open a CD ladder?

  Clients with a linked Chase Private Client Checking^SM1 account can open a CD ladder with a banker at any branch.

• How do I open a CD ladder? 

  CD ladders may be opened in a branch and cannot be opened online at this time. All 4 CDs in a ladder are opened at the same time, for the same amount, with a minimum of $1,000 in each CD.

• What are the benefits of a CD ladder?

  A CD ladder allows you to earn interest, and provides you access to your money at staggered maturity dates.

• What are the term options for a CD ladder?

  We offer two CD ladders:

  • 4-month CD ladder made up initially of 1, 2, 3, and 4-month term CDs
  • 12-month CD ladder made up initially of 3, 6, 9, and 12-month term CDs

  Note: Each CD in the ladder receives its own unique account number and CD receipt at account opening.

• Are CD ladders FDIC insured?

  Yes, each CD in a ladder is FDIC insured up to the maximum amount allowed by law.

• Will each CD in the ladder renew automatically?

  Each CD will automatically renew to the longest term of the ladder (either 4 or 12 months). You will be reminded of the new term on your CD Maturity Notice, which you will receive as each CD in the ladder reaches maturity.

• Can I add or withdraw money once the CD ladder matures?

  You may add or withdraw money in a CD during the grace period following each CD’s maturity date.²

• How do interest rates work for CD ladders?

  Interest rates vary based on the account balance at opening or renewal. Meet with a Private Client Banker to see the CD ladder section of the Chase Private Client Deposit Rates for the specific interest rate for each CD term in a ladder.

• Can I change a traditional CD to a CD ladder?

  A traditional CD cannot be changed to a CD ladder. However, once your traditional CD matures, you can choose to withdraw funds and open a CD ladder as a group of 4 CDs.