Certificates of deposit — penalty-free maturity period
Southwest Capital Bank’s savings and CD page provides 10 days after a CD matures to withdraw funds without a penalty. The CD section says an early-withdrawal penalty applies before maturity but does not give the charge or a term-by-term formula. The stated maturity window therefore helps with timing a withdrawal, while an early closure still needs a bank quote.
The source says 10 days without defining a calendar-day or business-day convention, so the exact deadline should be checked with the bank. It does not establish the penalty amount, partial-withdrawal rights, or whether principal can be reduced. Separate IRA and savings-account terms should not be applied to a CD without checking the customer’s current agreement.
TFS assisted source review: Aug 31, 2026 · Last source check: Aug 31, 2026 · Official source