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CD Early Withdrawal Survey: Los Angeles

CD Rates » CD Penalty Chart » Los Angeles

Bankrate.com's 2015 CD Early Withdrawal Penalty Survey collected data in Los Angeles and other cities 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 Los Angeles CD rates

Los Angeles

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-monthBank of America$1,0000.03%90 days' interest on the amount withdrawnYes7 daysNot offered
3-monthBeal Bank$1,0000.31%Greater of 1% of amount withdrawn or half of the interest that would have been earned on amount withdrawn during entire termYes10 daysYes
3-monthChase Bank$1,0000.01%1% of amount withdrawn but not more than total interest earned during current term of CDNo10 daysYes
3-monthCity National Bank$10,0000.03%30 days' interest on amount withdrawnYes10 daysYes
3-monthLuther Burbank Savings$1,0000.1%90 days' interestYes10 daysYes
3-monthMalaga Bank$1,0000.2%90 days' interestYes7 daysYes
3-monthUnion Bank$3500.05%Greater of 31 days' simple interest on amount withdrawn or the compensating penaltyYes10 daysYes
3-monthUniversal Bank$1,0000.1%90 days' interest on the amount withdrawnYes7 daysYes
3-monthWells Fargo Bank$2,5000.01%3 months' interest, minimum $25Yes7 daysYes
6-monthBank of America$1,0000.03%90 days' interest on the amount withdrawnYes7 daysYes
6-monthBeal Bank$1,0000.51%Greater of 1% of amount withdrawn or half of the interest that would have been earned on amount withdrawn during entire termYes10 daysYes
6-monthBroadway Federal Bank$2,5000.5%100% of interest that would have been earned on amount withdrawnYes7 daysYes
6-monthChase Bank$1,0000.01%1% of amount withdrawn but not more than total interest earned during current term of CDNo10 daysYes
6-monthCity National Bank$10,0000.05%90 days' interest on amount withdrawnYes10 daysYes
6-monthLuther Burbank Savings$1,0000.15%90 days' interestYes10 daysYes
6-monthMalaga Bank$1,0000.2%90 days' interestYes7 daysYes
6-monthUnion Bank$3500.1%Greater of 91 days' simple interest on amount withdrawn or the compensating penaltyYes10 daysYes
6-monthUniversal Bank$1,0000.15%90 days' interest on amount withdrawnYes7 daysYes
6-monthWells Fargo Bank$2,5000.01%3 months' interest, minimum $25Yes7 daysYes
1-yearBank of America$1,0000.05%180 days' interest on the amount withdrawnYes7 daysYes
1-yearBeal Bank$1,0000.66%Greater of 1% of amount withdrawn or half of the interest that would have been earned on amount withdrawn during entire termYes10 daysYes
1-yearBroadway Federal Bank$5000.75%100% of interest that would have been earned on amount withdrawnYes7 daysYes
1-yearChase Bank$1,0000.01%1% of amount withdrawn but not more than total interest earned during current term of CDNo10 daysYes
1-yearCity National Bank$2,5000.1%180 days' interest on amount withdrawnYes10 daysYes
1-yearLuther Burbank Savings$1,0000.25%180 days' interestYes10 daysYes
1-yearMalaga Bank$1,0000.3%180 days' interestYes7 daysYes
1-yearUnion Bank$3500.15%Greater of 91 days' simple interest on amount withdrawn or the compensating penaltyYes10 daysYes
1-yearUniversal Bank$1,0000.25%180 days' interest on the amount withdrawnYes7 daysYes
1-yearWells Fargo Bank$2,5000.05%3 months' interest, minimum $25Yes7 daysYes
2-yearBank of America$1,0000.1%180 days' interest on the amount withdrawnYes7 daysYes
2-yearBeal Bank$1,0000.76%Greater of 1% of the amount withdrawn or replacement cost of amount withdrawnYes10 daysYes
2-yearBroadway Federal Bank$1,0001.06%50% of interest that would have been earned during the entire term on the amount withdrawnYes7 daysYes
2-yearChase Bank$1,0000.05%2% of amount withdrawn but not more than total interest earned during current term of CDNo10 daysYes
2-yearCity National Bank$2,5000.15%180 days' interest on the amount withdrawnYes10 daysYes
2-yearLuther Burbank Savings$1,0000.75%12 months' interestYes10 daysYes
2-yearMalaga Bank$1,0000.4%270 days' interestYes7 daysYes
2-yearUnion Bank$3500.2%Greater of 181 days' simple interest on amount withdrawn or the compensating penaltyYes10 daysYes
2-yearUniversal Bank$1,0000.4%12 months' interest on the amount withdrawnYes7 daysYes
2-yearWells Fargo Bank$2,5000.15%6 months' interest, minimum $25Yes7 daysYes
5-yearBank of America$1,0000.15%365 days' interest on the amount withdrawnYes7 daysYes
5-yearBeal Bank$1,0001.25%Greater of 1% of the amount withdrawn or replacement cost of amount withdrawnYes10 daysYes
5-yearBroadway Federal Bank$1,0001.46%50% of interest that would have been earned during the entire term on the amount withdrawnYes7 daysYes
5-yearChase Bank$1,0000.25%2% of amount withdrawn but not more than total interest earned during current term of CDNo10 daysYes
5-yearCity National Bank$2,5000.4%180 days' interest on amount withdrawnYes10 daysYes
5-yearLuther Burbank Savings$1,0001.85%12 months' interestYes10 daysYes
5-yearMalaga Bank$1,0001.75%30 months' interestYes7 daysYes
5-yearUnion Bank$3501.01%Greater of 181 days' simple interest on amount withdrawn or the compensating penaltyYes10 daysYes
5-yearWells Fargo Bank$2,5000.35%12 months' interest, minimum $25Yes7 daysYes

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.

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