Is there a penalty for early withdrawal from my CD?

Yes, early withdrawal penalties may apply. While Rising Bank offers a grace period of 10 calendar days for CDs during which you may withdraw funds from or close your Rising Bank CD, there is a penalty for doing so before the grace period.

For our one-year CDs, the early withdrawal penalty is 90 days’ interest. The early withdrawal penalty for CDs with terms more than one year is 180 days’ interest.

Of course, an early withdrawal penalty does not apply to our 15-month No Penalty CD. (No withdrawals are permitted from a No Penalty CD during the first six days following the receipt of funds).

Learn more about Term CDsJumbo CDs, and our bump-up Rising CDs today! 

Save for what’s next on your horizon with a Rising Bank CD

We offer a variety of CDs with competitive rates and guaranteed returns. Our CDs are excellent financial products for growing your money and keeping it safe. Whichever Rising Bank CD you choose, you can rest assured that you will receive a great CD rate and predictable money growth.

Visit our Certificate of Deposits page for more information or open an account today!

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