Citizens Equity First Credit Union of Peoria (IL) announced that it is increasing the early withdrawal penalty on existing CDs. The early withdrawal penalty on a 5-year CD would increase from 180 days of dividends to 365 days of dividends. The new early withdrawal penalty goes into effect on the March 15.
The story appears on depositaccounts.com blog.
Read more.
The least you can do is be balanced in your "reporting." Bank of America and Wells Fargo have also increased the EWP.
ReplyDeleteHowever not on existing accounts.
ReplyDelete