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What happens to a CD on its maturity date?

April 26, 2017CD happens maturity date

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What happens to a CD on its maturity date?

1 Answer

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Two weeks prior to maturity, we will send you a reminder that your CD is about to mature. You will be asked to contact us if you want to redeem part or all of the CD, or change the term of the CD. If we do not hear from you, the CD will automatically rollover into another CD at the same term at the interest rate in effect on the day before maturity. Members have a 10-day grace period following the maturity date to redeem or make changes to their CD without penalty.