I have a cd thing at salem five bank can i take out a couple hundred from it?i need to pay like $350 out so i can pay for my acting thing but i have my money on a cd. is there someway i can take the money out like this week? please help! ill add more info if you need it!!!! | |
If you are talking about a Certificate of Deposit (CD) at a bank, then yes you can take out your money. However, doing so will cause you to forfeit interest you earned, usually 3 months worth.
If you have money that you know you are going to need, then you should put that money into a savings account. This way, you can freely deposit and withdrawal money whenever you want and interest. You will not pay a penalty when withdrawling money from a savings account.
