Funds in a CD can be withdrawn at any time, however withdrawals made before maturity are subject to a penalty (half the term's interest that would have accrued)
At maturity, there is a 10-day grace period during which funds can be taken out or added without penalty
Important Information About Procedures for Opening a New Account:
American National Bank complies with section 326 of the USA PATRIOT Act. Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account such as name, address, date of birth and taxpayer identification. We may ask to see your driver's license or other identifying documents.
NOTICE: By federal law, as of 1/1/2013, funds in a non-interest-bearing transaction account (including an IOLTA/IOLA) will no longer receive unlimited deposit insurance coverage, but will be FDIC-insured to the legal maximum of $250,000 for each ownership category. Learn More