Now there's a new wrinkle in a certificate of deposit: One that carries no early withdrawal penalties after just seven days of deposit-even if the customer wants it all back. Introduced in October by Great Western Bank, the big California thrift, the Free Access CD requires a minimum $2,500 investment. The 11-month CD claims to pay competitive rates with similar time deposits.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.