What Happens To Cds When Someone Dies

Dingdong | Jun 27, 2023 | 22 posts since 2021

If someone has cds in various bank and credit unions and they die, money will be distributed among the beneficiaries.

So my question is will bank/ cc continue the cd until the original maturity date in the name of beneficiary

Or they would just close it and distribute the funds to beneficiary

Or they would give option to beneficiary whether they want to continue or close the account?

Thank you in advance.

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