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What is maximum legal penalty for early CD withdrawal??

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Russell Turpin

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Jun 27, 1997, 3:00:00 AM6/27/97
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-*------
Is there a legal maximum that a bank may charge for early
withdrawal from short-term FDIC insured CD's?

Russell

--
Children have never been good at listening to their elders, but they
have never failed to imitate them.
-- James Baldwin

Tim Irvin

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Jun 27, 1997, 3:00:00 AM6/27/97
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In article <5p13n1$7...@peaches.cs.utexas.edu>, tur...@cs.utexas.edu
(Russell Turpin) wrote:

> -*------
> Is there a legal maximum that a bank may charge for early
> withdrawal from short-term FDIC insured CD's?

Usually, it's just accrued interest to date.

--
Tim Irvin, zig...@netgate.net ::: http://www.netgate.net/~ziggy29/
Now coming at ya from our new house...
Virtual Tour: http://www.netgate.net/~ziggy29/hometour.html

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