Tuesday, May 22, 2012 - 9:29 AM

Early CD Withdrawal Policy Info on depositaccounts.com

University of Iowa Community Credit Union (0 stars) - Details

If a blog post about CD rates doesn't mention early withdrawal policies, does that mean early withdrawl is not an option?

Does despositaccounts.com have early withdrawal info somewhere that I'm not seeing other than what is discussed in blog posts?

peterru2 posts since
May 22, 2012
Rep Points: 2

1. Tuesday, May 22, 2012 - 10:31 AM

I wasn't able to find the early withdrawal penalty mentioned on the credit union's website. I used the credit union's online chat service. According to the CSR, the early withdrawal penalty is 180 days of interest for terms of 12 months and up. I just updated the post with that info.

Make sure the credit union provides you with the CD disclosure before opening the CD. The CSRs are sometimes wrong about the early withdrawal penalty.

KenBDG5,146 posts since
Nov 29, 2009
Rep Points: 117,025

2. Tuesday, May 22, 2012 - 12:10 PM

Thanks!

peterru2 posts since
May 22, 2012
Rep Points: 2