Early withdrawal penalties on CDs are as follows: 15 month term or less: 30 days' interest on amount withdrawn. 18 month term to 24 month term: 90 days' interest on amount withdrawn. Term is over 2 years: 180 days' interest on amount withdrawn.
Terms of less than 12 months come with a penalty equal to three months' interest on the amount that you withdraw. Terms of 12 months or more have a penalty equal to six months' interest on the amount you withdraw. Keep in mind that withdrawing from a retirement account may result in additional penalties.
The daily ATM withdrawal limit ranges from N100,000 – N300,000 naira depending on your card type.
Deposits at Middlesex Savings Bank are insured by the Federal Deposit Insurance Corporation (FDIC).
Daily ATM Withdrawal Limits The maximum daily withdrawal limit varies from bank to bank, depending on the type of account and card you hold: Basic Accounts: Limits typically start at ₹25,000 per day. Premium Accounts: Limits can go up to ₹2,50,000 per day.
All deposits are backed by the Federal Deposit Insurance Corporation (FDIC) to $250,000 per depositor.