Is there any way to avoid getting an early withdrawal penalty from a certificate of deposit?

Is there any way to avoid getting an early withdrawal penalty from a certificate of deposit?
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1 Answer

Answer :

If it has a call option that is excercised No, there is no way of avoiding penalties for withdrawing your money early from a Certificate of Deposit. Therefore, if you are uncertain whether you will be able to hold off on withdrawing early, it is best to put your money in a Money Market account.
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