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Investing > Early Withdrawal Penalty
The following information is about Early Withdrawal Penalty.
Early Withdrawal Penalty Defined
An assessment charged to an investor when they withdraw their money from a fixed-term investment before its maturity. For example, if investors who have a one year certificate of deposit withdraw their money after eight months, the banking institution would assess a penalty.
See Also: Certificate Of Deposit
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Thu Nov 6
- CD Early Withdrawal Penalties: Both CD's and savings accounts are considered to be safe investments but CD's are known to pay higher interest.
Wed Jul 2
- Federal Tax Problems - What to Do When You Cant Pay the IRS: Have you received a notice from the IRS for unpaid taxes? Read this article before cahing out your IRA or using a high interest credit card to pay your federal taxes.
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