Terms range from 6 months to 60 months so you choose how long you want to invest. For your convenience, your CD can automatically renew at maturity. The automatic renewal is based on the original term of investment and would be at the current rate in effect at the time of renewal. Me/CU offers a 10 day grace period should you elect to renew for a longer or shorter term of investment or should you elect to make other changes to the investment.