Penalty for Early Withdrawal. We will allow withdrawal of principal from Your share certificate account before the Maturity Date without penalty in the following events: (1) the required minimum distribution from an IRA (2) a court’s declaration of Your mental incompetence, or (3) Your death. In all other cases You cannot withdraw all or any part of the deposit before the Maturity Date without our consent. We can only give our consent at the time You ask to make a withdrawal. If We consent to an early withdrawal, there may be a penalty on the amount of principal that You withdraw. Early withdrawal from and IRA Certificate is subject to IRS penalties, if applicable, in addition to the penalty structure described below. Effective June 5, 2021, the penalty structure for early withdrawal of funds from a Certificate will change, as follows:
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