Sentences with phrase «earn more money penalty»
The good news is that you will be able to earn more money penalty - free in 2017.
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What's more, because you put in pre-tax dollars, you have to pay taxes on the money you withdraw (including everything it earned)-- and a penalty if you fail to withdraw enough.
If you want to earn more interest on your savings but are unsure whether or not you'll need the money in the near future then the no - penalty CD can be a smart choice.
This means I can't access the money until August 2017 without a penalty, but with some planning, I can go without the funds for a year while earning ten times more interest than I was earning in my regular Citizens Bank savings account.