Bankrate.com’s 2015 CD Early Withdrawal Penalty Survey collected data in San Francisco 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 San Francisco CD rates

San Francisco

Term Institution Minimum deposit Yield Penalty for early withdrawal Reduction in principal if accrued and unpaid interest is less than the penalty? Grace period on automatically renewable CDs Are early withdrawal penalties the same for retirement CDs?
3-month Bank of America $1,000 0.03% 90 days’ interest on the amount withdrawn Yes 7 days Not offered
3-month Beal Bank $1,000 0.41% Greater of 1% of amount withdrawn or half of the interest that would have been earned on amount withdrawn during entire term Yes 10 days Yes
3-month Chase Bank $1,000 0.01% 1% of amount withdrawn but not more than total interest earned during current term of CD No 10 days Yes
3-month Citibank $1,000 0.05% 90 days’ interest on amount withdrawn Yes 7 days Yes
3-month First Federal Savings & Loan of San Rafael $1,000 0.1% 1 month of interest Yes 7 days Yes
3-month First Republic Bank $10,000 0.05% 6 months’ interest Yes 7 days Yes
3-month Gateway Bank $1,000 0.05% 30 days’ interest Yes 7 days Not offered
3-month Luther Burbank Savings $1,000 0.1% 90 days’ interest Yes 10 days Yes
3-month Sterling Bank & Trust $500 0.2% 30 days’ interest on amount withdrawn Yes 7 days Yes
3-month Wells Fargo Bank $2,500 0.01% 3 months’ interest, minimum $25 Yes 7 days Yes
6-month Bank of America $1,000 0.03% 90 days’ interest on the amount withdrawn Yes 7 days Yes
6-month Beal Bank $1,000 0.51% Greater of 1% of amount withdrawn or half of the interest that would have been earned on amount withdrawn during entire term Yes 10 days Yes
6-month Chase Bank $1,000 0.01% 1% of amount withdrawn but not more than total interest earned during current term of CD No 10 days Yes
6-month Citibank $500 0.07% 90 days’ interest on amount withdrawn Yes 7 days Yes
6-month First Federal Savings & Loan of San Rafael $1,000 0.15% 3 months’ interest Yes 7 days Yes
6-month First Republic Bank $10,000 0.35% 180 days’ interest Yes 7 days Yes
6-month Gateway Bank FSB $1,000 0.05% 30 days’ interest Yes 7 days Not offered
6-month Luther Burbank Savings $1,000 0.15% 90 days’ interest Yes 10 days Yes
6-month Sterling Bank and Trust $500 0.4% 90 days’ interest on amount withdrawn Yes 7 days Yes
6-month Wells Fargo Bank $2,500 0.01% 3 months’ interest, minimum $25 Yes 7 days Yes
1-year Bank of America $1,000 0.05% 180 days’ interest on the amount withdrawn Yes 7 days Yes
1-year Beal Bank $1,000 0.66% Greater of 1% of amount withdrawn or half of the interest that would have been earned on amount withdrawn during entire term Yes 10 days Yes
1-year Chase Bank $1,000 0.01% 1% of amount withdrawn but not more than total interest earned during current term of CD No 10 days Yes
1-year Citibank $500 0.15% 180 days’ interest on amount withdrawn Yes 7 days Yes
1-year First Federal Savings & Loan of San Rafael $1,000 0.4% 6 months’ interest Yes 7 days Yes
1-year First Republic Bank $10,000 0.5% 180 days’ interest Yes 7 days Yes
1-year Gateway Bank $1,000 0.1% 90 days’ interest Yes 7 days Yes
1-year Luther Burbank Savings $1,000 0.25% 180 days’ interest Yes 10 days Yes
1-year Sterling Bank & Trust $500 0.65% 180 days’ interest on amount withdrawn Yes 7 days Yes
1-year Wells Fargo Bank $2,500 0.05% 3 months’ interest, minimum $25 Yes 7 days Yes
2-year Bank of America $1,000 0.1% 180 days’ interest on the amount withdrawn Yes 7 days Yes
2-year Beal Bank $1,000 0.71% Greater of 1% of amount withdrawn or replacement cost of amount withdrawn Yes 10 days Yes
2-year Chase Bank $1,000 0.05% 2% of amount withdrawn but not more than total interest earned during current term of CD No 10 days Yes
2-year Citibank $500 0.25% 180 days’ interest on the amount withdrawn Yes 7 days Yes
2-year First Federal Savings & Loan of San Rafael $1,000 0.75% 9 months’ interest Yes 7 days Yes
2-year First Republic Bank $10,000 1.25% 15 months’ interest Yes 7 days Yes
2-year Gateway Bank $1,000 0.1% 120 days’ interest Yes 7 days Not offered
2-year Luther Burbank Savings $1,000 0.75% 12 months’ interest Yes 10 days Yes
2-year Sterling Bank & Trust $500 0.9% 360 days’ interest on the amount withdrawn Yes 7 days Yes
2-year Wells Fargo Bank $2,500 0.15% 6 months’ interest, minimum $25 Yes 7 days Yes
5-year Bank of America $1,000 0.15% 12 months’ interest on the amount withdrawn Yes 7 days Yes
5-year Beal Bank $1,000 1.25% Greater of 1% of the amount withdrawn or replacement cost of amount withdrawn Yes 10 days Yes
5-year Chase Bank $1,000 0.25% 2% of amount withdrawn but not more than total interest earned during current term of CD No 10 days Yes
5-year Citibank $500 0.5% 180 days’ interest on the amount withdrawn Yes 7 days Yes
5-year First Federal Savings & Loan of San Rafael $1,000 1.65% 12 months’ interest Yes 7 days Yes
5-year First Republic Bank $10,000 2% 15 months’ interest Yes 7 days Yes
5-year Gateway Bank $1,000 0.1% 180 days’ interest Yes 7 days Not offered
5-year Luther Burbank Savings $1,000 1.85% 12 months’ interest Yes 10 days Yes
5-year Sterling Bank and Trust $500 1.85% 360 days’ interest on the amount withdrawn Yes 7 days Yes
5-year Wells Fargo Bank $2,500 0.35% 12 months’ interest, minimum $25 Yes 7 days Yes

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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