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I'm just trying to understand how this works for a $30,000 5 year step rate, and how much it would cost me if I withdrawed 2 years early
Ouida, white springs
October 24, 2014 06:53:21 PM
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In reply to Ouida, white springs
Hi Ouida, thanks for coming by TD Helps with your inquiry. We are more than happy to guide you in the right direction.
You'll be happy to learn that for a Step Rate CD, one penalty-free withdrawal (full or partial) is permitted during the 10-day grace period beginning on the account anniversary date each year. Any additional withdrawals for a five-year CD are subject to a penalty of 12 months of interest. For further information about our Step Rate CDs, please see our Deposit Account Agreement here: http://bit.ly/1kb17UQ (pgs. 36-37).
For assistance in calculating the amount of penalty in interest and to determine the anniversary date, we recommend visiting your nearest TD Bank Store during lobby hours. Please visit: http://bit.ly/TDStores for hours and locations near you.
Please don’t hesitate to write back if you have any further questions and enjoy your weekend!
Justin B, Mount Laurel
October 24, 2014 06:56:16 PM