CDs were deregulated in October 1983 and because they were first sold in 6 month increments, many of them came due in October and April of any given year. Bank Rate Monitor once estimated that there were upwards of $100 billion in CDs rolling over in those two months.

To get rid of those two "blips" each year, more banks began offering odd-term CDs, such as seven and fifteen month terms.

The Result: The blips disappeared as more CDs began maturing in odd months.

Currently, the months of January, February and March show as the heaviest rollovers - not October or April.

The Takeaway: You need to have a prepared and practiced CD rollover sales pitch at all times!

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