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Withdrawal Form

 

Please be aware that a penalty may be enforced on redemptions prior to the maturity date of the certificate. The penalty for early withdrawal on fixed-rate certificates is a surrender of earned interest as stated below:


How to calculate the penalty for early withdrawal

Short Term Investment

Longer Term Investments

For 6 and 12 month Fixed-Rate Certificates the adjusted penalty is the surrender of three months earned interest.

For 24, 36, & 60 month Fixed-Rate Certificates the adjusted penalty is the surrender of six months earned interest.

Withdrawal Amount X Interest Rate / 4

Withdrawal Amount X Interest Rate / 2

Example

A $10,000.00 withdrawal on a certificate
earning 3.21% would involve
a penalty of $80.25
Example

A $10,000.00 withdrawal on a certificate
earning 3.21% would involve
a penalty of $160.50

Penalties do not apply to Savings Certificates.