What is a penalty-free paid interest transfer with Growth CD?

Forbright Bank offers the benefit of penalty-free paid interest transfers on Growth CD. This means Growth CD customers get access to the paid interest on their Growth CD account – without penalty – on a monthly or once-per-term basis. In other words, you can opt into recurring monthly withdrawals of interest or choose a one-time, per-term disbursement of all paid interest.

Please note that interest is paid monthly and must be credited to your Growth CD account before you can transfer it. You cannot withdraw accrued interest that has not yet been paid.