Home Federal Savings Bank W Clark St, Albert Lea

Thank you for your feedback and, yes, there is a 3% penalty fee imposed when a cd is cashed in prior to maturity date. This may be harder to accept if you are not the person who originally opened the cd but penalties are standard. This is not only in the agreement, but also was thoroughly explained before you took this action - as were options on how to avoid the penalty. If you have more questions we are happy to talk further about this with you directly. Thank you again.