KNOWLEDGE BASE

How to close a mature Certificate of Deposit (CD).

Once your CD has reached maturity, you can easily close it.

If you're wanting to renew your CD see: How do I renew a certificate of deposit (CD)? 

To close your matured CD using digital banking

Once you're logged into your online banking CD account.

  1. Select Continue to close CD.
  2. Edit or verify your displayed personal information
  3. Enter the one-time passcode, then select Continue. (If you didn't receive the code, you can select Send new code.)
  4. Select Continue to calculate return.
  5. Select the account you'll transfer to balance of your CD in the pull-down menu and select Continue.
  6. Review and confirm the CD closure details and select Submit.
  7. You'll receive confirmation - You're all set!

We're always available to help if you need further assistance. We can be reached at 800-USBANKS (872-2657) or visit us at a branch. We accept relay calls.

More Information

To close your mature CD:

  • Cannot be an IRA CD
  • Cannot exceed $250,000
  • You must be an existing U.S. Bank customer with an existing checking, savings, or money market account