Generally, you can't withdraw your initial deposit from your CD until it reaches its maturity date. You can, however, withdraw your interest earned at any time. If you need to tap your principal before maturity,
You can avoid immediate tax charges by purchasing a certificate of deposit (CD) through a tax-advantaged account like an individual retirement account (IRA) or a 401(k). If you paid any fees in withdrawal penalties, you can also include those penalty amounts as a tax deduction. How much...
With the annual reset (or ratchet) method, investors are more likely to receive some interest in the event that the EIA is surrendered early; however, investors are also more likely to have a lower participation rate, and/or a participation rate that is changed annually by the insurer. The...