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Frequently Asked Questions Frequently Asked Questions

Frequently Asked Questions

Home | Frequently Asked Questions | Can I withdrawal the money on my CD before the maturity date?

Account Related

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Can I withdrawal the money on my CD before the maturity date?

Yes. However, you will be accessed an “Early Withdrawal Penalty fee”. Here is how the early withdrawal penalty fee is applied:

  • Accounts with terms up to 12 months: The penalty fee will be an amount equal to 90 days interest earned on the amount withdrawn.
  • Accounts with terms greater than 12 months: The penalty fee will be an amount equal to 180 days interest earned on the amount withdrawn.
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