If you do nothing on the date your CD matures, it 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.
We’re here to support you with your maturing CD
You can use this page to prepare for a productive conversation about the best plan for your CD funds.
If you already know what you’d like to discuss, set up a time to meet with your J.P. Morgan Private Client team.
Understanding your auto-renewing CD timeline
Understanding your auto-renewing CD timeline
Now
Review our FAQs and consider your next use for these funds such as continued predictable interest, rebalancing your portfolio or cash flexibility.
Before the maturity date
Connect with your J.P. Morgan Private Client team to discuss what matters most to you at maturity, including the path that fits your timeline and needs.
On the CD maturity date
The period to make changes starts on the maturity date. This means your team can begin implementing the changes you’ve discussed.
During the grace period
If you want to make changes, this period, plus your maturity date, is your window to work with your team.
Your CD type impacts your choices at maturity
Your J.P. Morgan Private Client team can confirm what type of CD you hold.
When your single-maturity CD reaches its maturity date, it moves into a “matured” status (it won’t renew or reopen). If you don’t link a checking or savings account when you opened the CD, your funds will stay in the CD account until you transfer them. During that time, the balance won’t earn interest and won’t count toward your J.P. Morgan Private Client balances.
Check in with your team to decide your next step
Your CD maturity is a chance to take a fresh look at your options, from adjusting your term to reallocating funds or incorporating them into your investment portfolio. Talk with your J.P. Morgan Private Client team to integrate your next move into your overall financial plan.
Get quick answers to the most common questions about CDs
They can help you prepare for a more focused conversation on the choices that best fit your goals.
What is my maturity date and grace period?
Your maturity date is the last day of your CD’s term. Your grace period is the time after your auto-renewing CD matures when you can make certain changes. For auto-renewing CDs with a term of 14 days or longer, the grace period is 10 days after the maturity date. If your auto-renewing CD term is 7–13 days, the grace period is 5 days after the maturity date.
You can find your maturity date by signing in to jpmorgan.com or the J.P. Morgan Mobile® app, or by contacting your dedicated senior banker.
What does it mean when my CD matures?
When your CD matures, it’s your opportunity to confirm what you want to do next — for auto-renewing CDs you can renew, adjust the term, add or withdraw funds, or close the CD and move funds. If you take no action, your auto-renewing CD will auto-renew for the same or similar term at the interest rate and APY in effect on your maturity date.
What happens if I do nothing at maturity?
If you do nothing on the date your auto-renewing CD matures — or during the grace period — 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.
When can I make changes to my CD?
If an auto-renewing CD, you can make changes on your maturity date and during the grace period. During this time, you can change the term, add or withdraw funds, or close the CD. Only one change per business day is permitted.
How can I make changes to my CD?
Contact your dedicated senior banker. They’ll walk you through your options and help process any updates.
Where can I find CD rates?
Your dedicated senior banker can share current CD rates and help you choose a term that fits your timeline and liquidity needs.
How is the CD interest calculated?
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.
Will my interest rate change upon auto-renewal of my CD?
It may. If your CD auto-renews, it will renew at the interest rate and APY in effect on your maturity date.
If I make multiple changes to my auto-renewing CD during my grace period, will my rate change?
It may. Changes made during the grace period can affect your CD, and each change may reflect the latest rate available at the time of the change.
Can I withdraw money during my CD maturity date and grace period?
Yes. On the maturity date and during the grade period (auto-renewing CDs), you can choose to close your CD and transfer part or all of the funds into a checking or savings account.
What happens if I need to close my CD before my maturity date?
You can close your CD before maturity, but penalties may apply. Funds can be transferred to a checking or savings account. Your dedicated senior banker can help you understand the impact before you decide.
Are there any fees or penalties I should be aware of?
If you withdraw funds outside of your maturity date or grace period, an early withdrawal penalty may apply:
- Original term < 6 months: 90 days of interest on the principal amount withdrawn
- Original term 6 months to < 24 months: 180 days of interest on the principal amount withdrawn
- Original term ≥ 24 months: 365 days of interest on the principal amount withdrawn
The penalty will not exceed the total interest earned in the current term (less any prior early withdrawal penalties in the current term), and the penalty is deducted from principal. Withdrawals within 7 days of account opening (or a prior principal withdrawal) will be charged at least 7 days’ interest, except in the event of a bank error.
What happens if my CD is set to single-maturity?
A single-maturity CD automatically closes on its maturity date and can’t be reopened. If you didn’t link a checking or savings account when you opened the CD, the funds will remain in the CD account until they’re transferred.
While the funds remain there, they won’t earn interest and won’t count toward your J.P. Morgan Private Client balances. Please contact your dedicated senior banker to help you move the funds to an eligible account.
If a CD is set to single-maturity, when will funds hit my linked account?
Funds will move on the maturity date and be accessible on the next business day if there is an account that was selected at account opening and that account is open and accepting funds. If the maturity date falls on a non-business day, funds will move to your checking/savings account the next business day.
Can I choose any number of days instead of preset maturities?
Yes. You can choose any term between 7 days and 10 years.
How will I be notified before maturity?
We’ll give you a heads-up before your CD matures so you have time to decide what you want to do next. You’ll typically receive a maturity/renewal notice by mail in advance, and your dedicated senior banker can also help you review your options ahead of time. Client renewal/maturity notices are sent approximately two weeks before maturity.
What are my choices at maturity if I have an auto-renewing CD?
At maturity, you can:
- Let it renew
- Change the term (for example, move from a shorter term to a longer one)
- Take some cash out or add funds (during the grace period)
- Move to investment portfolio
- Close the CD and move the funds to your linked checking or savings account
What happens if I do nothing at maturity?
It depends on how your CD was set up.
Many CDs are set to auto-renew, which means the CD renews automatically unless you make changes during the grace period.
If your CD is set to single-maturity, it moves to a matured status and will not renew.
Can I choose ‘auto-renew’ vs ‘single-maturity’ — and how do I decide?
Yes. Auto-renew is built for clients who want the CD to keep working without needing to revisit it each term — while still keeping the option to make changes at maturity during the grace period. Single-maturity is best when you already know you’ll want the CD to end on a specific date and not continue afterward. Your dedicated senior banker can help you align the choice to your liquidity timeline (for example, taxes, a home purchase, or a planned investment).
Can I change the CD term outside the grace period?
No. Term changes can only be made on the maturity date and during the grace period.
If I close or withdraw, when will the money be available?
If funds are moved to a checking or savings account, they’re available the same day. If funds are moved to a brokerage account, they’re available the following business day.
Can I withdraw only part of my CD?
Yes — partial withdrawals are allowed (and can be done without penalty during the grace period). Outside the grace period, early withdrawal penalties may apply.
If I need cash urgently, what are my options besides breaking the CD?
Start with your dedicated senior banker. In many cases, the best next step is simply to map your timing and avoid unnecessary penalties — for example, by aligning maturity dates to known cash needs or by using a laddering approach to create planned liquidity over time. Your banker can help you review practical alternatives before you decide to break a CD.
What is APY?
APY reflects compounding interest accounts. Your banker can help you compare CDs using APY.
Is the rate guaranteed for the full term?
Yes — your dedicated senior banker can walk you through what your CD will earn based on your balance, rate, and term, and you’ll also receive a CD confirmation when your CD is opened. Interest is compounded daily using the daily balance method, so the exact amount depends on the balance maintained over time.
What changes could affect my rate during the grace period?
During the grace period, certain updates — like changing the term or adding/withdrawing funds — can reprice the CD based on the rate available at the time the change is processed. Your banker can confirm the rate before you finalize any change.
Where can I see my CD and its details?
You can review your CD details (including rate information) online, and you’ll receive a CD confirmation after opening. Confirmations can also be retrieved through your service team as needed.
Will my CD show on my statement, and what if it doesn’t?
Your CD will appear on your statement if it’s linked to a checking or savings account. If it isn’t linked, a statement won’t be generated for the CD — and your dedicated senior banker can help arrange to have it linked to an eligible checking or savings account for statement purposes.
What documents will I receive – and are they paperless?
You’ll receive:
- A CD confirmation when you open the CD
- A renewal (auto-renewal CD) or maturity (single-maturity) notice sent by US Mail in advance of your maturity date
- Paperless versions of the confirmation and renewal (auto-renewal)/maturity (single-maturity) notices are not available yet
Are there any client eligibility restrictions I should know about?
Certain clients may not be eligible (for example, financial institutions are not eligible). If you’re opening a CD through an entity (such as a trust or business), your dedicated senior banker can confirm eligibility and any required setup.