Yes, most banks have minimum deposit requirements for Enhanced CD Agreements, which can vary by institution, so it’s wise to check with your bank first.
Generally, it's best to leave the funds untouched for the duration of the term, as early withdrawals can sometimes lead to penalties, just like pulling a thread can unravel a sweater.
An Enhanced CD Agreement in Colorado Springs is a type of certificate of deposit that offers a higher interest rate along with some added features that can give you more flexibility in managing your investment.