How to handle closed accounts

[Arla]

Using GNUCash, but with rolling CD's (and interest rates changing with
different banks every other day) I need to be able to close accounts, is
that possible?

Within Microsoft Money once I hit 0 balance I was able to "close" the
account, and not have it show up on the account list, unless I specifically
looked for closed accounts.

I guess the alternative would be to create a closed accounts high level
account and then just change the account position of the closed account to
under the closed accounts?

- James
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