CD Mature/Renewal

Dom1
Dom1 Quicken Windows Subscription Member ✭✭✭
edited January 15 in Registers & Transactions (Windows)

Matured CD. Percentage of cash removed and transferred to savings. The remaining balance renewed. I would expect the appropriate way to handle the renewal is to create a new CD account and transfer the remaining funds. The alternative is to leave the original CD as is with the appropriate balance and move on.

Anything I should be considering if I leave as is? I know the interest rate has changed but that's not a concern.

Thanks

Comments

  • splasher
    splasher Quicken Windows Subscription SuperUser ✭✭✭✭✭

    Personally, I just roll CDs over into the same account, with either renewing the whole balance or just the original amount with a withdrawal/transfer of the interest paid.

    I've never felt the need to create a new account and hide the old one.

    -splasher using Q continuously since 1996
    - Subscription Quicken - Win11 and QW2013 - Win11
    -Questions? Check out the Quicken Windows FAQ list

  • Dom1
    Dom1 Quicken Windows Subscription Member ✭✭✭

    thank you

This discussion has been closed.

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