When a certificate is closed during the grace period and you do not wish to pay dividends to the member for those few days, the CA-Close Account transaction should be effective dated for the date the certificate matured on. This will properly handle the accruals and avoid the application of early withdrawal penalties.  If you want to waive the early withdrawal penalty and pay dividends during the grace period, it is important that the proper options are set on the Dividend / Penalty Update Screen. Mark both the option to Pay Thru Effective Date and Pay Dividends.  Given no effective date on the transaction, the system will calculate an EWD Penalty. The EWD Penalty will need to be cleared manually.