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Former Banker Comes Up With A Patented CD That Rewards Early Cash-Out

Wednesday, October 23, 2013 - 2:10 PMTreynor State Bank - Details
With Stanley's CD, one key aspect is the replacement fee. That is what it would cost the bank to replace an early withdrawal with another deposit of a similar maturity. Here is how TS Bank describes the product, which it has dubbed CDtwo:

“If interest rates have risen, then the cost of the new deposit will be higher,” the bank's description reads. “If interest rates have fallen, then the cost of the new deposit will be lower.”

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I reviewed this CD in my blog post, Early Withdrawal Bonus? New CDs Will Give Savers More Options.
Ken TuminKen Tumin5,473 posts since
Nov 29, 2009
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