You can keep your money in a CD and let it renew over and over. CDs generally automatically renew. “When a certificate of deposit term ends, based on the bank’s policy, it can be automatically renewed, unless the customer says otherwise,” says Rhonda Thomas-Whitley, vice president and regulatory counsel at the Independent Community Bankers of America. “These terms are outlined in the required notices sent to the customers before the CD term expires. Whether a customer can keep having it renew over and over again is up to the bank. Unclaimed CDs can be escheated to the state, subject to those state’s laws.” To avoid your CD being escheated if it’s considered abandoned property, make sure you keep in touch with your bank and keep a valid mailing address on file.