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Reg D Early CD Withdrawal

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  • February 2, 2012 at 10:08 pm EST #2372
    Anonymous
    Inactive

    I’ve researched 204.2(c) and I do not believe that there permission is given to waive early withdrawal penalties if a customer decides they’d prefer an IRA over a CD. I do not have an “issue” with this activity, but I always like to do a third check to see if anyone has had experiences that I haven’t.

    Thanks in advance.

    February 6, 2012 at 12:35 pm EST #2869
    jholzknecht
    Keymaster

    I am a little “rusty” on my early withdrawal penalty rules, but I believe your interpretation is accurate. Hopefully others will voice an opinion 0n this post.

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