I recently completed my first transfer from a maturing IRA CD into a new IRA CD at another bank, and everything went very smoothly. There are two reasons I would consider doing such a transfer: 1) better rates at another bank or credit union; 2) stay within FDIC/NCUA insurance limits. Both were applicable in this case. If neither was a factor, I would have just rolled the maturing CD into a new CD at the current bank. Unless you own any IRA CDs, and you may eventually want to transfer the balance to another bank or credit union when they mature, there is no need to continue reading; there are no other investment lessons here.