LANB Certificates of Deposit (excluding Jumbo CDs) are automatically renewed. That means that you don't have to do anything when your CD reaches the maturity date. We will reinvest it for you for the same term, at the interest rate that applies on the date your CD matured. You have 10 days to cancel the renewal and if you want to change the term and rate, we'll make it as of your original maturity date so your money never stops earning for you.
Penalties for Early Withdrawal
There are interest penalties for early withdrawal of funds on all CDs. See our Penalty Calculator.