Certificates of deposit — renewal and principal risk
Bank of Cashton says its CDs renew automatically unless notice is given beforehand. Renewal is for the same term at the bank’s then-posted rate for an equivalent product. Customers have 10 calendar days after maturity to withdraw without a penalty. The page also warns that early-withdrawal fees may reduce principal, making it possible for an early closure to cost more than interest earned.
The page does not publish the amount or calculation formula of the early-withdrawal fee. It also does not fully establish partial-withdrawal conditions or exceptions. Confirm the exact grace-period deadline and obtain a withdrawal quote for the specific CD agreement, especially if the certificate was opened or renewed under different terms.
TFS assisted source review: Aug 31, 2026 · Last source check: Aug 31, 2026 · Official source