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Do "Add-On" Cds Go To Origin Date Or Each Date Of The Add-On?

dnc2933
  |     |   11 posts since 2016

If one opens a 36 month CD in the amount of $25,000 with "add-on" privileges and two moths later adds an additional $10,000, how is the $25,000 and $10,000 treated as the expiration date? That is, does the original $25,000 expire in 36 months and the added-on $10,000 will expire 36 months from the day of that deposit? Or, does the entire amount expire after 36 months or the entire amount expire after 38 months?

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alan1
  |     |   877 posts since 2015
When you open an Add-on CD, the certificate has a maturity date. Making an additional deposit does not extend the maturity date. In your example, the CD will mature in 36 months from the opening date.
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dnc2933
  |     |   11 posts since 2016
Thank you, Alan
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