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What is the maximum penalty for an early withdrawal of a CD?

April 26, 2017CD early maximum penalty withdrawal

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What is the maximum penalty for an early withdrawal of a CD?

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90 Days Interest. Penalty for monies on deposit for less than 90 days will be calculated based only on accrued interest. It is the policy of Greystone Bank to not invade the initial deposit for penalty. Should the depositor elect to receive quarterly interest payments by check or deposit, the Bank will invade the principal following the first quarter interest payment in the case of early withdrawal.