You cannot add money to your existing Capital One CD when it matures. However, you can choose to roll over the matured funds into a new CD with a new term and interest rate.
Here's how the rollover process typically works:
- Automatic Rollover: Capital One may automatically roll over your CD into a new one with the same term and interest rate if you haven't made other arrangements.
- Manual Rollover: You can also choose to manually roll over your CD into a new one with a different term or interest rate.
- Withdraw Funds: You can withdraw the matured funds from your CD and deposit them into another account or use them for other purposes.
Important Note: If you choose to roll over your CD, make sure to review the terms and conditions of the new CD to understand the interest rate, maturity date, and any associated fees.
