cds

Early Withdrawal Credit unions

CD Rates » CD Penalty Chart » Credit Unions

Bankrate.com's 2014 CD Early Withdrawal Penalty Survey collected data in banks and credit unions for five of the most common CD maturities being sold today. This breakdown gives you an easy way to compare CD offerings by institution, metropolitan area and maturity over the survey period in early May of this year.

CD rates

3-month CD

InstitutionMinimum depositYieldPenalty for early withdrawalGrace period on automatically renewable CDsEarly withdrawal penalties the same for retirement CDs?
Institution: BECUMinimum deposit: $500Yield: 0.1%Penalty for early withdrawal: 30 days' interestGrace period on automatically renewable CDs: 7 daysEarly withdrawal penalties the same for retirement CDs? Not offered
Institution: Navy Federal Credit UnionMinimum deposit: $1,000Yield: 0.45%Penalty for early withdrawal: All interest earnedGrace period on automatically renewable CDs: 14 daysEarly withdrawal penalties the same for retirement CDs? Yes
Institution: SchoolsFirst Federal Credit UnionMinimum deposit: $500Yield: 0.25%Penalty for early withdrawal: 90 days' interest on the amount withdrawnGrace period on automatically renewable CDs: 7 daysEarly withdrawal penalties the same for retirement CDs? Yes

Bankrate.com's CD Early Withdrawal Penalty Survey studied 100 banks and thrifts from the top 10 metropolitan markets from May 5, 2014 to May 14, 2014. Included were the top five banks and the top five thrifts by deposit size in each market. The top five credit unions from across the country by assets also were surveyed. In some instances, the institution did not offer all maturity periods.

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