What is a CD maturity grace period?

A CD maturity grace period is the amount of time that a depositor is allowed to withdraw funds from a certificate of deposit (CD) after the CD has reached maturity. The typical CD maturity grace period is seven days.

What are the benefits of a CD maturity grace period?

The benefits of a CD maturity grace period are that it allows depositors time to make a decision about what to do with their money. If they decide they want to withdraw their money, they have seven days to do so. If they decide …