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Are there changes to Single Maturity Certificates of Deposit (CDs)?

April 26, 2017cds certificates changes deposit maturity

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Are there changes to Single Maturity Certificates of Deposit (CDs)?

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• All CDs due to mature on or after November 21, 2008, will automatically renew on the maturity date for the same term at the interest rate in effect at that time. This enables you to continue to earn interest on your funds without interruption. • Upon maturity and automatic renewal of the CD, there is a 10-day grace period during which you may increase the amount of the CD, withdraw funds, change the term, or make any other changes. • Changes made after the 10-day grace period are subject to early withdrawal penalties. • You will receive an automatic renewal notice prior to maturity reminding you of the CD maturity date and the 10-day grace period. • Due to the timing of this letter, you may receive a system-generated maturity notice prior to November 21 advising you that your CD will not automatically renew. Please disregard that notice. • If you have questions about your CDs, please call or visit your local branch. Beginning November 22, you may call 1-800-REGIONS (1-800-734-4667).