Sydney Garth, Credit Cards Moderator
@sydneygarth
The Teachers Federal Credit Union early withdrawal penalty for a Certificate of Deposit (CD) depends on the CD’s term length. The penalty ranges from three to nine months’ worth of interest. Here’s a breakdown:
- 3–11 Month CD: 3 months of interest.
- 12–23 Month CD: 6 months of interest.
- 24+ Month CD: 9 months of interest.
For the most up-to-date information, refer to Teachers Federal Credit Union’s website or contact their customer service by phone at (800) 341-4333.
You can check the best CD rates available to ensure that whatever decision you make really fits your goals.
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