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PenFed Early Withdrawal Penalty

SouthernGirl
  |     |   210 posts since 2022

Has anyone closed a PenFed CD with no EWP and no loss of principal, by withdrawing interest paid and accrued interest and then closing the CD? Per PenFed, interest may be withdrawn before maturity. Per PenFed, there is no reduction in principal. Does PenFed close CD over the phone? Does PenFed require a written request to close the CD?

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Ratesaver
  |     |   187 posts since 2013
I have closed cds at penfed and their penalities are harsh.. I always did it is person and am not sure of doing it online however I would not hesitate to do it if I were sure I would recoup my money on a better rate... Check the amt. out and go for it.Call them
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