A no-penalty CD is a type of certificate of deposit that charges no fee for withdrawing money before the term expires. You usually must withdraw the full balance at once.

Learn about certificate of deposit (CD) types, how they work, and how they can fit into your savings goals. Browse Investopedia’s expert-written library for more.

Using the affordable, battery-powered, Bluetooth-enabled Syitren R300 may be the easiest way to listen to your old CDs and enjoy new ones.