It started in 1997, when Alain de Botton turned away from writing novels and instead wrote a touching extended essay titled How Proust Can Change Your Life, which became an unlikely blockbuster in the self-helpcategory.
A sample penalty schedule might look like: 1  11 month CDs or shorter charge three monthsâ worth of interest. 2  12 to 59 month CDs charge six monthsâ worth of interest. 3  60 month or longer CDs charge 12 monthsâ worth of interest.
Text Size. Tips CDs are a good place to put extra money for relatively short amounts of time. CDs are considered a safe investment, but their low interest rates mean your money grows slowly. You must pay penalties if you withdraw your money before the CD has fully matured. Related How-Tos. How to Invest in a Certificate of Deposit (CD) How to Choose a Financial Planner