With the current 4% CD rate at 5 years, I am thinking about closing out the 7-year CD (still have more than 5 years left) with Andrews FCU, of course I need to pay 180 days worth of dividend as penalty.
First, do you guys think now is the time to move? Or should I wait a bit longer for a 4.5% CD maybe?
Second, since the dividend is paid quarterly at the Andrews, will I forfeit all the dividends accumulated between the last payment date and the CD termination date?
Any inputs will be appreciated!