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Your guide to CD maturity

Make a plan now, so you’re ready to take action when your Certificate of Deposit (CD) hits its maturity date.

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Key things to know about your CD timeline

Before your maturity date

While you can’t make changes to your CD before it matures, it’s helpful to make a plan ahead of time.

On your CD maturity date

Your maturity date is the first day you can make changes to your CD.

10 days after your maturity date

You also have the 10 days after your maturity date to let us know if you’d like to make changes.

If you do nothing on the date your CD matures — or during the 10 days after — your CD will automatically renew for the same or similar term at the interest rate and APY in effect on your maturity date, which may be lower than your current rate.

Schedule a meeting to explore your options

Let it renew

You can do nothing and your CD will automatically renew for the same or similar term at the interest rate and APY in effect on your maturity date. Note, this may be lower than your current rate.

 

Select new term

You can change your CD term for one that works for you at the interest rate and APY that’s in effect on the day you take action. View current rates and terms here.

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You can use your funds to invest on your own or get guidance from an advisor. Plus you’ll get the tools, insights and support you need.

Transfer in or out

You can easily add funds or move your CD funds into a Chase checking or savings account.

Talk with one of our bankers, who can review your options and create a customized plan for your funds or help you get connected with an advisor.

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Investing with J.P. Morgan Wealth Management could be a great alternative

Invest on your own

J.P. Morgan Self-Directed Investing lets you build your investment portfolio on your own with unlimited $0 commission online trades.

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Invest with an advisor

Work 1:1 with an advisor and receive custom guidance and a personalized financial strategy based on what’s important to you.

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Whether you’re just starting out or have years of experience, your Chase banker can connect you with a J.P. Morgan Advisor.

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Frequently Asked Questions

Answers to the most common questions

The maturity date is the last day of your CD’s term. The grace period is the time period when you can make changes after a CD matures. For CDs with a term of 14 days or longer, the grace period is your maturity date, plus the 10 days after the maturity date. The grace period is 5 days after the maturity date for CDs with a term of 7–13 days. You can find your maturity date by signing in to chase.com, the Chase Mobile® app or by going to a branch or calling customer service.

It’s time to decide what to do with your money in your account. The CD will auto-renew for the same or similar term at the interest rate and APY in effect on your maturity date. You can leave it as is or make changes to terms and APY on the maturity date and during the grace period. You can also close the CD and transfer the money into one of your Chase checking or savings accounts.

You can make changes to your CD on its maturity date and during the grace period. Keep in mind: You can only make one change per business day.

Depending on what type of CD you have, here’s how you can make changes:

  • Chase Personal CDs: Schedule a meeting during your grace period or call 1-800-935-9935
  • Chase Business CDs: Schedule a meeting during your grace period or call 1-800-242-7338
  • Chase Commercial Bank CDs: Contact your Client Service Analyst or Associate
  • J.P. Morgan Private Client CDs: Contact your dedicated senior banker

APY stands for annual percentage yield. This is the interest rate earned on a CD in one year, including the effects of compounding interest.

We use the daily balance method to calculate interest on your CD. This method applies a periodic rate each day to your balance. Interest begins to accrue on the business day of your deposit. Interest for CDs is calculated on a 365-day basis, although some business CDs may calculate interest on a 360-day basis.

 

The Annual Percentage Yield (APY) disclosed on your deposit receipt or on the maturity notice assumes interest will remain on deposit until maturity. On maturities of more than one year, interest will be paid at least annually. Please see the Deposit Account Agreement for further details.

Your CD will auto-renew with the latest interest rate and APY that are in effect on the day of maturity.

Each change made to your CD account during your grace period could impact the rate. Keep in mind: Each change will reflect the latest rate available.

You can make a withdrawal during your grace period without any fees. Outside of that period, there are early withdrawal fees. For details on withdrawal or interest penalties, see below:

  • Chase Personal CDs: Please see the Additional Banking Services and Fees section, “Certificate of Deposit Accounts,” which can be accessed on the Deposit Disclosures and Interest Rates page.
  • Chase Business CDs: Please see the Additional Banking Services and Fees section, “Business CD Accounts,” which can be accessed on the Deposit Disclosures and Interest Rates page.
  • Chase Commercial Bank CDs: Contact your Client Service Analyst or Associate.

On the maturity date and during the grace period, you can choose to close your CD and transfer part or all of the funds to a Chase checking or savings account.

You can close your CD ahead of your maturity date, but there may be penalties associated with this action. You can only transfer the funds to a Chase checking or savings account.

 

Set up a meeting to learn about your options.

Si tienes alguna pregunta, por favor llama o visita una sucursal local de Chase.