Here’s what to do when your CD matures

As your CD approaches its maturity date, we're here to guide you through the next steps.

Our bankers can help review your options
A banker can help you choose the option that's best for you. There may be other products or CDs that better meet your needs.

Things to keep in mind:

  • You can make changes starting on the maturity date through the 10-day grace period that follows. We encourage you to meet with a banker during this timeframe if you'd like to make changes.
  • If we don't hear from you, your CD will automatically renew for the same term. 
  • e-Statements

    Review your statements without hunting around.
  • Custom Alerts

    Get text or email alerts for occurrences that matter to you.
  • Transfers

    Move your money where you need it to be.
  • eBills

    Get your bills delivered electronically.
  • Fast, Secure Sign-in

    Need to login quickly? Login to the mobile app with the touch of your thumb or use face-ID.
  • Bill Pay

    The best bill is the one that gets paid automatically.

Explore Options

You will be receiving a letter in the mail. At that time you will need to make one of the following decisions.
  • I want my CD to automatically renew at the same term. 
  • I only want to keep a portion of my current balance in the CD. 
  • I would like to add or transfer additional funds to my CD. 
  • I would like to change the term of my CD.
  • I would like to withdraw my funds.

If these options are not suitable, we encourage you to review our other products.


FDIC Insurance

All deposits are backed by the Federal Deposit Insurance Corporation (FDIC) to $250,000 per depositor.  Additionally, depending on your accounts and their ownership status, the FDIC may provide additional insurance.  To learn more about or understand how your accounts are covered, use the FDIC Electronic Deposit Insurance Estimator tool at or contact us.

No Monthly Maintenance Fee

We don't hide fees from you and we won't charge a fee to keep your account open or require you to maintain a balance.

Online and Mobile Banking Access

Access your account virtually anywhere you go.


Your monthly bank statement offers a detailed snapshot of your finances and helps you budget money better. But it also can get lost in the shuffle, so sign up for online eStatements and put your account info where you can always find it.

Mobile Check Deposit

You don't always have time to deposit checks at the branch. So don’t.
Everything You Need
All of our savings accounts come with these convenient features.
Don’t leave your money behind!
Now that you’re here, close your old account
and transfer your money to Middlesex Savings Bank.
Get to know Middlesex Savings Bank.
When will I receive my CD maturity letter?

Are there any fees I should be aware of?

How long do I have to make a decision?
  • You have up to 10 days after your CD maturity date to make a decision. If we do not hear from you your CD will be renewed at the same term.
When can I move my money?
  • You can move your money when your CD reaches the maturity date. You then have 10 days to do what ever you wish without having to pay an early penalty fee.

Why keep your money with us?

As a mutual bank, our focus is to support the community and give back in ways that help everyone live better. We’re proud of this role and take it to heart.

Without shareholders or stock prices to worry about, we put you first. We offer better rates, more personalized service, and continuous support for the communities we call home. You’ll experience friendly customer service in 30+ locations, a local call center, convenient online banking, and easy-to-understand products and service.
  1. Bank Local: Banking local is about doing business with people who understand your needs.
  2. Security: The security of keeping your money close to home.
  3. Here to stay: The comfort of knowing other banks may come and go but your bank we will remain here, as we have for the past 188+ years.
  4. Trusted Expertise: With Middlesex, you're not just a customer. We've been serving our community for years and have the expertise to guide you.
  5. Competitive Rates: You can count on us to offer some of the most competitive rates in the market. We're committed to helping your money grow.
  6. Personalized Service: Our friendly team is here to answer all your questions, provide advice, and ensure you have a smooth experience.