Bankrate.com

2010 CD Study
Stacks of golden coins against golden dollar
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CD early withdrawal: Credit union

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
InstitutionMinimum depositYield
%
Penalty for early withdrawalGrace period on automatically renewable CDsEarly withdrawal penalties same for retirement CDs?
Navy Federal CUN/A    
State Employees CU (NC)N/A    
Pentagon Federal CUN/A    
BECU$5000.7530 days interest7 daysN/A
SchoolsFirst FCU$5000.690 days interest7 daysYes -- 90 days interest
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