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The penalty varies depending on your loan term. Investopedia is part of the interest rate. It pays a fixed interest rate for a set period.
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?? BMO Bank Review: Pros and ConsBMO CD Specials � 13 APY: % � 25 APY: % � 35 APY: % � 45 APY: % � 59 APY: %. Grow your savings with our high-yield online-only CD s. No minimum balance. $0 minimum opening deposit. 6 available fixed terms (6 months to 60 months). For standard CDs, Online CDs, CD Specials, Add-On CDs and Bump Rate CDs we provide our interest rates and Annual Percentage Yields (APYs) on our web page.