An early withdrawal penalty may be assessed if you make a withdrawal prior to the CD maturity date, which is the last day of the CD term. The penalty is applied to the amount of principal withdrawn (no penalty on interest). The bank does not charge an early withdrawal penalty on a CD for the death of an account owner with proper verification.

• Terms of 12 months or less: 90 days of simple interest at the current rate.
• Terms of more than 12 months but less than 48 months: 180 days of simple interest at the current rate.
• Terms of 48 months or more: 365 days of simple interest at the current rate.

If you are interested in having access to your funds within a shorter period of time without a penalty, consider a CD ladder strategy. A CD ladder strategy is a way of managing your CD portfolio so that instead of depositing funds in just one CD, funds are spread out in several CDs of different terms, such as from one to five years. With this strategy you can benefit from more frequent access to your funds while still taking advantage of the often better rates that accompany longer term CDs. Plus, with CD terms spread over a longer time period, interest rate fluctuations would not impact your entire portfolio. Read more about CD ladder strategy here.

Any amount of interest paid during the current term of the CD can be withdrawn at any time without penalty.

Interest can be transferred internally to a Synchrony Bank Money Market or High Yield Savings Account, or to a registered external account. (Note: transfers to an external account not available on IRA CDs.)

You are only allowed to add funds at the initial funding of a CD, or during the 10-day grace period beginning on the maturity date of the CD.

If you are interested in adding money to your CD portfolio, consider a CD ladder strategy. A CD ladder strategy is a way of managing your CD portfolio so that instead of depositing funds in just one CD, funds are spread out in several CDs of different terms, such as from one to five years. With this strategy, you can benefit from more frequent access to your funds while still taking advantage of the often better rates that accompany longer term CDs. Plus, with CD terms spread over a longer time period, interest rate fluctuations would not impact your entire portfolio. Read more about CD ladder strategy here.