What is a No-Penalty CD rate?
HA No-Penalty CD, also known as liquid or breakable, doesn’t charge a withdrawal penalty for money taken out before the CD term expires. This provides flexibility and convenience for those looking for short-term investments in a secure way.
Like traditional CDs, No-Penalty CDs are fixed-rate accounts over a specified time period – so expect to earn a set amount. However, because of the flexibility of withdrawing before maturity, the interest rates are typically lower than traditional CDs.