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Can I redeem my index-linked Certificate of Deposit (CD) before its maturity date?

It may be possible, but there are usually penalties.

There may be no active secondary market for an index-linked CD. If early redemption is available, penalties (including loss of principal) can be significant.

Index-linked CDs are not designed to be a short-term investment, so an investor should consider whether he or she is in a position to hold the index-linked CD to maturity.

Last Reviewed: April 2021

Please note: The terms "bank" and "banks" used in these answers generally refer to national banks, federal savings associations, and federal branches or agencies of foreign banking organizations that are regulated by the Office of the Comptroller of the Currency (OCC). Find out if the OCC regulates your bank. Information provided on should not be construed as legal advice or a legal opinion of the OCC.

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