Can someone help me understand the CD process through Charles Schwab. My understanding of a CD is it is a simple savings device that cannot lose money. I am working with an estate account that has a lot of CD's purchased through a Charles Schwab account. I am seeing a Market Value listed as less than what was put into the CD. It also reports daily price change in market value.
Example: One CD is for 1.25% and shows a daily price change of $5.80 for the full amount. Is this CD losing money? Are there the same implications of selling a CD early through Charles Schwab as if done through a traditional local bank?
Submitted April 10, 2018 at 08:25AM by ketonooblvl1 https://ift.tt/2EA9SsG
