CD FAQ
CD FAQ
Common Questions About CD Ladders
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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.
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Clients with a linked Chase Private Client CheckingSM1 account can open a CD ladder with a banker at any branch.
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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.
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A CD ladder allows you to earn interest, and provides you access to your money at staggered maturity dates.
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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.
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Yes, each CD in a ladder is FDIC insured up to the maximum amount allowed by law.
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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.
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You may add or withdraw money in a CD during the grace period following each CD’s maturity date.2
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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.
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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.