Do I need a certificate of deposit to deposit money into my account?

Do I need a certificate of deposit to deposit money into my account?
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1 Answer

Answer :

You do not need a certificate of deposit (also known as a CD) to deposit money into an account - unless you are attempting to deposit money into a CD account. Most banks only require you to have a regular savings account opened to be able to deposit money into a checking account for free. However, these terms vary by bank depending on which one you are using. Generally speaking, however, you should not have to open a CD to deposit funds into a regular checking account.
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Related questions

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