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 What's
the difference between a liquid CD and a no-penalty CD?
 Essentially
they are the same type of CD. Liquid CDs offer consumers the opportunity to withdraw
money from the certificate of deposit without incurring a penalty.
The interest rate should be higher than the bank's
money market rate, but would usually be lower than a traditional CD of the same
term and minimum. The term "no-penalty CD" is sometimes
substituted for bump-up or liquid CDs. Essentially they are the same type of CD.
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