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What is the early withdrawal penalty on CDs?

cds early penalty withdrawal
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What is the early withdrawal penalty on CDs?

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The early withdrawal penalty on a Self-Help Credit Union CD is one-half of the dividends (interest) for the term of the CD. For example, early withdrawal from a 3 year CD will result in a 1.5-year dividend penalty. To avoid this penalty, try to choose a CD term that meets your cash flow needs.

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