If I pay my secured card off early and withdraw the funds from the CD will I incur early withdrawal penalties. My CD matured in April 2016 I still had a balance. I was told that the two year period would start over. I will have paid my balance in full before the next maturity date.
That is correct, CDs are auto-renewed for two years. If you would like to proceed in closing the CD and card at this time, please call us at 800-531-8722. There might be a small penalty or you can close at the next maturity date without any penalties. Thanks!
