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Monday, February 16, 2009
Temporary respite for DCU members - early CD terminantion penalty waiver
Digital Federal Credit Union is temporarily waiving early withdrawal penalties on its Regular Certificates, and Jumbo Certificates. Although it is also waiving penalty temporarily on IRA Certificates, be aware that IRS taxes and penalties may apply for IRA Certificate Account withdrawals unless the funds are rolled into another IRA or qualified account. According to the DCU's Web site:
Certificate Early Withdrawal Penalties Temporarily Waived Includes Certificate Accounts and IRA Certificate Accounts

All DCU members are affected by the troubled economy in some way. Some may be in situations where they need to get to more of their savings. We want to help.

For a limited time, we are waiving early withdrawal dividend penalties on any existing Regular Certificate, Jumbo Certificate, and IRA Certificate. This includes both full and partial withdrawal.
posted by Ruby @ 3:47 PM  
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