Am I able to withdraw the interest that my CD generates each month?
Whether or not you can do this will be up to your bank. Most banks permit this type of withdrawal, and often set CD accounts up to pay interest out to a checking or savings account with each interest posting. In other cases, you may be able to withdraw any accumulated interest without penalty. Bank policies can vary, so the only way to be sure of the answer is to contact the bank where your CD account is held.
Published on BankingQuestions.com 6/05/08
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Whether or not you can do this will be up to your bank. Most banks permit this type of 