much discussion of SouthernGirl's great find of the bad GTE EWP language that said the EWP comes out of dividends - and many of us have used that to withdraw all our funds on low-yielding long-term CD's without penalty.
Well, looks like NASA Federal CU did the same thing. From their Terms and Conditions: "Certificates with terms of up to 24 months: Withdrawal of principal funds from your certificate account before maturity will result in the loss of 182 days of dividends on the amount withdrawn or, if the if the funds withdrawn have been in the account for less than 182 days, the loss of all dividends on the amount withdrawn."
Oops.
I read that as the same as GTE's old language. I have a lower-yielding certificate with NASA - has anyone tried to do the same two-step with their NASA certificate as many have done with their GTE certificates? (the two-step is 1) withdraw all dividends to date, then 2) withdraw all of most of the funds in the certificate - because then they will be holding NO dividends that one can "lose" as per their own Terms and Conditions.)
