cds

Early Withdrawal Credit unions

CD Rates » CD Penalty Chart » Credit Unions

Bankrate.com's 2015 CD Early Withdrawal Penalty Survey collected data from banks and credit unions for 5 of the most common CD maturities being sold today. This chart gives you an easy way to compare CD offerings by institution, metropolitan area and maturity using the survey data we collected in October of this year.

Compare CD rates

Credit Unions

TermInstitutionMinimum depositYieldPenalty for early withdrawalReduction in principal if accrued and unpaid interest is less than the penalty?Grace period on automatically renewable CDsAre early withdrawal penalties the same for retirement CDs?
3-monthBECU$5000.1%30 days' interestYes7 daysNot offered
3-monthNavy Federal Credit Union$1,0000.45%All interest earnedNo14 daysYes
3-monthSchoolsFirst Federal Credit Union$5000.35%90 days' interest on the amount withdrawnYes7 daysYes
6-monthBECU$5000.15%30 days' interestYes7 daysNot offered
6-monthNavy Federal Credit Union$1,0000.55%Lesser of 90 days' interest on amount withdrawn or all interest earnedNo14 daysYes
6-monthPentagon Federal Credit Union$1,0000.6%Lesser of 90 days' interest or all accrued interestNoNoneYes
6-monthSchoolsFirst Federal Credit Union$5000.65%90 days' interest on the amount withdrawnYes7 daysYes
6-monthState Employees' Credit Union (of North Carolina)$2501%Lesser of 90 days' interest on amount withdrawn or all interest earnedNo7 daysNot offered
1-yearBECU$5000.2%30 days' interestYes7 daysYes
1-yearNavy Federal$1,0000.85%Lesser of 90 days' interest on amount withdrawn or all interest earnedNo14 daysYes
1-yearPentagon Federal Credit Union$1,0001.21%If redeemed within first year, all dividends forfeited; if redeemed thereafter, 30% of what would have been earned at maturity, not to exceed total dividends earnedNoNoneYes
1-yearSchoolsFirst Federal Credit Union$5000.8%90 days' interest on the amount withdrawnYes7 daysYes
1-yearState Employees' Credit Union (of North Carolina)$2501%Lesser of 90 days' interest on amount withdrawn or all interest earnedNo7 daysNot offered
2-yearBECU$5000.35%90 days' interestYes7 daysYes
2-yearNavy Federal Credit Union$1,0001.25%Lesser of 180 days' interest on amount withdrawn or all interest earnedNo14 daysYes
2-yearPentagon Federal Credit Union$1,0001.41%If redeemed within first year, all dividends forfeited; if redeemed thereafter, 30% of what would have been earned at maturity, not to exceed total dividends earnedNoNoneYes
2-yearSchoolsFirst Federal Credit Union$5001.05%180 days' interest on the amount withdrawnYes7 daysYes
2-yearState Employees' Credit Union (of North Carolina)$2501.25%Lesser of 90 days' interest on amount withdrawn or all interest earnedNo7 daysNot offered
5-yearBECU$5000.9%90 days' interestYes7 daysYes
5-yearNavy Federal Credit Union$1,0001.95%Lesser of 180 days' interest on amount withdrawn or all interest earnedNo14 daysYes
5-yearPentagon Federal Credit Union$1,0001.51%If redeemed within first year, all dividends forfeited; if redeemed thereafter, 30% of what would have been earned at maturity, not to exceed total dividends earnedNoNoneYes
5-yearSchoolsFirst Federal Credit Union$5002.05%180 days' interest on the amount withdrawnYes7 daysYes
5-yearState Employees' Credit Union (of North Carolina)$2501.75%Lesser of 90 days' interest on amount withdrawn or all interest earnedNo7 daysNot offered

Bankrate.com's CD Early Withdrawal Penalty Survey studied 100 banks and thrifts from the top 10 metropolitan markets Oct. 1-13, 2015. Included were the top 5 banks and the top 5 thrifts by deposit size in each market. The top 5 credit unions from across the country by assets also were surveyed. In some instances, the institution did not offer all maturity periods.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Partner Center
advertisement

Connect with us