Certificates of deposit — maturity and death exception
BLC Community Bank says its CDs automatically renew for the same term at the then-current posted rate unless redeemed during the 10-day maturity period. The bank also describes a 10-day period after maturity when withdrawals or deposits can be made without a penalty. Its CD page expressly states that the early-withdrawal penalty does not apply upon death, while otherwise warning that an early-withdrawal penalty may apply.
The page does not publish the amount or formula of the ordinary early-withdrawal penalty. The 10-day period concerns maturity, not an unrestricted right to withdraw during the original CD term. Ask the bank to confirm the exact deadline, documentation for the death exception, and the agreement applicable to an existing or previously renewed CD.
TFS assisted source review: Aug 31, 2026 · Last source check: Aug 31, 2026 · Official source