Bankrate.com's CD early withdrawal penalty study looked at five of the most common maturities and liquid CDs. 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 reduction in principal if the unpaid interest is less than the penalty, the grace period on automatically renewable CDs and whether the early withdrawal penalties are the same for retirement CDs.
CD early withdrawal penalty comparison
11. Credit Union
|Navy Federal CU||$1,000||1.45||90 days interest||14 days||Yes -- 90 days interest|
|State Employees CU (NC)||$250||2||90 days interest earned or all interest earned, whichever is less||14 days||N/A|
|Pentagon Federal CU||$1,000||1.25||180 days interest or all interest earned, whichever is less||No grace period||Yes -- 180 days interest or all interest earned, whichever is less|
|BECU||$500||1.41||30 days interest||7 days||Yes -- 30 days interest|
|SchoolsFirst FCU||$500||1.15||90 days interest||7 days||Yes -- 90 days interest|
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