Quote:
Originally Posted by ripper1
Unfortunately I need to break one of my 5yr CD's at Penfed. Looking on the website I can't find anyway to do that other than calling them. Does anybody know where on the website this can be done?
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I did this last summer in order to pay cash for a car.
You can’t do it on the website. I called and the instructions from them were to compose a document, print it and both DH and I had to sign it. Then I scanned it and emailed it to an email address that they gave me.
The document had to specify the cd’s number and I think the maturity date and that I acknowledged the penalty for early withdrawal. You also need to tell them what to do with the proceeds, deposit to a PenFed account or send you a check.
Once we sent the email it was processed quickly, maybe took 2 days.
Give them a call and get the details. I’m pretty sure you can also do this by mail.