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The Curious Bag
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If you have a certificate of deposit, you may be able to add money to the account at certain times. There are also CDs that allow you to add funds whenever you want.
Notification
A bank will send out a notice 30 days prior to the maturity date. This is a reminder that your CD is about to mature. You have time to decide what will be the best plan of action at maturity.
Terms
When a CD matures, which is the end of the term, you can add money to the account. Some CDs have a seven-day grace period after the maturity date; this allows you to make changes to the account, including adding money.
Size
You will need to speak with a bank representative and let them know how much money you want to add to the CD. A CD is available in certain increments such as $500 or $1,000.
Features
When you are adding money to the account, you can change the term as well. The term of a CD will usually range from 3 months to five years.
Flex CD
If you have a Flex CD, you can add money to it any time you want. The tradeoff is that this type of CD pays less interest than a typical CD.
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