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Study: Consumers Are CashingOut Their CDs To Pay Down Debt

SEP 27, 2010

SAN ANSELMO, Calif.-Analysis from Market Rates Insight indicates that consumers cashed in about $200-billion in maturing certificates of deposit during the first half of 2010, and used about 15% ($29)-billion) of the funds to pay down revolving credit such as credit cards and lines of credit.

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