CD early withdrawal penalty study
By Bankrate.com

Bankrate.com's survey of CD early withdrawal penalties looked at five of the most common maturities. This chart gives you an easy way to compare CD offerings by institution, metropolitan area and maturity as of the date of the survey.

In addition, the chart states the minimum deposit required to open an account, the yield to maturity, the institution's stated penalty for early withdrawal, the penalty in days and the penalty in dollars.

CD early withdrawal penalty comparison Dallas   3-mo CD 6-mo CD 1-yr CD 2.5-yr CD 5-yr CD Institution Minimum deposit Yield Penalty for early withdrawal Penalty (in days) Penalty (in dollars) Bank of America, NA $1,000 3.55% 180 days interest 180 $17.75 Chase Bank, NA $1,000 3.75% $55 / 3% of deposit plus $25 N/A $55.00 Comerica Bank $1,000 4.15% 6 months interest 180 $20.75 Compass Bank $5,000 4.75% 180 days interest 180 $118.75 Wells Fargo Bank $2,500 2.60% 6 months interest 180 $32.50 Beal Bank, SSB $1,000 4.75% 30 months interest 900 $118.75 Guaranty Bank $1,000 4.50% 180 days interest 180 $22.50 Southwest Securities, FSB $1,000 4.59% 3 months interest 90 $11.48 Washington Mutual Bank $1,000 3.70% 6 months interest 180 $18.50 World Savings Bank, FSB $10,000 4.87% 9 months interest 270 $365.25 Dallas average penalty in days: 260 National average penalty in days: 246

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