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Hello reddit.

I've got a question that I would like to know the answer to, and any repercussions it can have.

I have a $10,000 CD at my credit union that is going to mature next month (.85% interest rate). I plan to use this money for a down payment on a home within the next year or 2.

Let's say I went somewhere, and got a 5 year CD with my $10,000 (Interest rate will probably be in the 2% range?)

If I pulled the money out around the 2 year mark, what repercussions would I come across ?



Submitted May 24, 2017 at 08:51AM by peaced01 http://ift.tt/2rzFAnz

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