KNOWLEDGE BASE
How to close a mature certificate of deposit (CD).
Once your CD has reached maturity, you can easily close it in your digital banking. If you're wanting to renew your CD, see also: How do I renew a certificate of deposit (CD)?
To close your matured CD using digital banking
- Select your CD account, then choose View maturity options.
- Select Continue to close CD.
- Review your personal information.
- Select Edit my info to make updates.
- Select This info is correct if everything is accurate.
- Enter the one-time passcode and select Continue.
- If you didn’t receive the code, select Send new code.
- Select Continue to calculate return.
- Choose the account where you want to transfer the balance of your CD, then select Continue.
- Review your CD closure details and select Submit.
- You’ll receive confirmation.
More Information
To close your mature CD from your digital banking:
- It cannot be an IRA CD
- It cannot exceed $250,000
- You must be an existing U.S. Bank customer with an existing checking, savings, or money market account
If you can't close your matured CD in digital banking, we're always available to help. We can be reached at 800-USBANKS (872-2657) or visit us at a branch. We accept relay calls.