What to know when it's time to renew your CD
Oct 3, 2023
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When it comes time to renew a CD, you've got options. Which is why it’s important to renew with terms that fit into your savings goals.
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Transcript of the video:
What to know when it’s time to renew a CD
(SPEECH)
[00:00:00.00] [MUSIC PLAYING]
(DESCRIPTION)
[00:00:00.00] Text, U.S. Bank. Digital Banking at U.S. Bank. What to know when it's time to renew your CD. A person drops a coin into the slot of a piggy bank. A notification on a cell phone reads, Your CD will renew on November 17, 2023.
(SPEECH)
[00:00:05.38] When it comes time to renew a CD, you've got options, which is why it's important to renew with terms that fit into your savings goals.
(DESCRIPTION)
[00:00:15.71] Text, Compare renewal specials. The Explore CD renewal options screen scrolls through the available options.
(SPEECH)
[00:00:17.05] Log in to the U.S. Bank mobile app and online banking to compare personalized renewal specials by term, annual percentage yield and amount, and even see estimated returns.
(DESCRIPTION)
[00:00:27.25] Fund your way. The demonstrator inputs $10,000 into the amount field.
(SPEECH)
[00:00:29.65] Add funds to your CD from your U.S. Bank or external account, or renew with its current balance.
(DESCRIPTION)
[00:00:36.00] On the choose your interest options page, they choose monthly from the drop down menu for how often you want to receive interest payments, They choose the radio button next to the option, add back into my CD for how to disperse the interest.
(SPEECH)
[00:00:36.95] And choose how and when you'd like your interest dispersed all on your time.
(DESCRIPTION)
[00:00:41.59] Text, Looking for more?
(SPEECH)
[00:00:42.59] Looking to start a more comprehensive savings strategy? Digital banking has you covered.
(DESCRIPTION)
[00:00:48.61] Build a ladder. The CD laddering web page displays on the screen.
(SPEECH)
[00:00:49.43] Use our CD ladder calculator to build your own ladder and project potential returns.
(DESCRIPTION)
[00:00:54.95] Text, Access your cash. The next screen provides three steps on how to build a CD ladder. A bar graph shows initial CD term in dark blue versus renewed CD in light blue measured in months.
(SPEECH)
[00:00:55.16] With CDs maturing at different times, a ladder gives you access to your cash over time.
(DESCRIPTION)
[00:01:00.57] Keep building. A ladder leans against a piggy bank. A coin rests in the piggy bank's slot.
(SPEECH)
[00:01:02.51] As your CD reaches the end of its term, make a withdrawal when you need or choose to keep saving and earn even more.
(DESCRIPTION)
[00:01:10.19] Try a money market account.
(SPEECH)
[00:01:11.51] Looking for something a little more flexible? Explore our money market account options.
(DESCRIPTION)
[00:01:15.92] Text, Combine the power of a checking account and a savings account.
(SPEECH)
[00:01:16.43] These accounts offer the debit-card and check-writing features of a checking account with the interest of a savings account only with higher interest rates.
(DESCRIPTION)
[00:01:24.68] Make your savings work as hard as you do. A man lifts a sit of dumbbells.
(SPEECH)
[00:01:26.12] Whatever your savings goals, we can help build the right strategy to get you there.
(DESCRIPTION)
[00:01:31.12] A laptop computer and a cell phone appears.
(SPEECH)
[00:01:31.89] It's all available in the U.S. Bank mobile app and online banking.
[00:01:35.75] [MUSIC PLAYING]
(DESCRIPTION)
[00:01:35.94] Text, U.S. Bank. Equal Housing Lender. Member FDIC. Copyright 2023 U.S. Bank.
What to know when it’s time to renew a CD
(SPEECH)
[00:00:00.00] [MUSIC PLAYING]
(DESCRIPTION)
[00:00:00.00] Text, U.S. Bank. Digital Banking at U.S. Bank. What to know when it's time to renew your CD. A person drops a coin into the slot of a piggy bank. A notification on a cell phone reads, Your CD will renew on November 17, 2023.
(SPEECH)
[00:00:05.38] When it comes time to renew a CD, you've got options, which is why it's important to renew with terms that fit into your savings goals.
(DESCRIPTION)
[00:00:15.71] Text, Compare renewal specials. The Explore CD renewal options screen scrolls through the available options.
(SPEECH)
[00:00:17.05] Log in to the U.S. Bank mobile app and online banking to compare personalized renewal specials by term, annual percentage yield and amount, and even see estimated returns.
(DESCRIPTION)
[00:00:27.25] Fund your way. The demonstrator inputs $10,000 into the amount field.
(SPEECH)
[00:00:29.65] Add funds to your CD from your U.S. Bank or external account, or renew with its current balance.
(DESCRIPTION)
[00:00:36.00] On the choose your interest options page, they choose monthly from the drop down menu for how often you want to receive interest payments, They choose the radio button next to the option, add back into my CD for how to disperse the interest.
(SPEECH)
[00:00:36.95] And choose how and when you'd like your interest dispersed all on your time.
(DESCRIPTION)
[00:00:41.59] Text, Looking for more?
(SPEECH)
[00:00:42.59] Looking to start a more comprehensive savings strategy? Digital banking has you covered.
(DESCRIPTION)
[00:00:48.61] Build a ladder. The CD laddering web page displays on the screen.
(SPEECH)
[00:00:49.43] Use our CD ladder calculator to build your own ladder and project potential returns.
(DESCRIPTION)
[00:00:54.95] Text, Access your cash. The next screen provides three steps on how to build a CD ladder. A bar graph shows initial CD term in dark blue versus renewed CD in light blue measured in months.
(SPEECH)
[00:00:55.16] With CDs maturing at different times, a ladder gives you access to your cash over time.
(DESCRIPTION)
[00:01:00.57] Keep building. A ladder leans against a piggy bank. A coin rests in the piggy bank's slot.
(SPEECH)
[00:01:02.51] As your CD reaches the end of its term, make a withdrawal when you need or choose to keep saving and earn even more.
(DESCRIPTION)
[00:01:10.19] Try a money market account.
(SPEECH)
[00:01:11.51] Looking for something a little more flexible? Explore our money market account options.
(DESCRIPTION)
[00:01:15.92] Text, Combine the power of a checking account and a savings account.
(SPEECH)
[00:01:16.43] These accounts offer the debit-card and check-writing features of a checking account with the interest of a savings account only with higher interest rates.
(DESCRIPTION)
[00:01:24.68] Make your savings work as hard as you do. A man lifts a sit of dumbbells.
(SPEECH)
[00:01:26.12] Whatever your savings goals, we can help build the right strategy to get you there.
(DESCRIPTION)
[00:01:31.12] A laptop computer and a cell phone appears.
(SPEECH)
[00:01:31.89] It's all available in the U.S. Bank mobile app and online banking.
[00:01:35.75] [MUSIC PLAYING]
(DESCRIPTION)
[00:01:35.94] Text, U.S. Bank. Equal Housing Lender. Member FDIC. Copyright 2023 U.S. Bank.