Personal CDs — published withdrawal schedule
Exchange Bank publishes a penalty of three months of interest on the principal withdrawn for a CD with an original term of one year or less. For an original term longer than one year, the published penalty is six months of interest on the principal withdrawn. This schedule appears in the personal savings page’s CD disclosures, including the promotional CD disclosures; it is tied to the original term rather than the time remaining before maturity.
The page does not establish the penalty’s month-to-day convention, annual day basis, or whether a short holding period can cause a deduction from principal. Current promotional rates and availability do not determine the agreement on an older CD. Confirm the applicable product, opening or renewal terms, and final withdrawal quote with Exchange Bank.
TFS assisted source review: Aug 31, 2026 · Last source check: Aug 31, 2026 · Official source