Are there any penalties for withdrawing funds from my account?
Asked 6 months ago
Yes, there may be penalties for withdrawing funds from your account with Federated Investors Inc. These penalties vary depending on the specific product or investment type you have. Certain investments, such as certificates of deposit (CDs), may have early withdrawal penalties if funds are taken out before the specified maturity date. Additionally, mutual funds may have redemption fees if shares are sold before a certain holding period, typically 60 to 90 days. It is important to thoroughly review the terms and conditions of your specific investment to understand any potential penalties. Contacting a Federated Investors Inc. representative or reviewing the documentation provided for your account can provide more specific information about any penalties that may apply to your account.
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