2010 CD Study
Stacks of golden coins against golden dollar
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 CU$1,0002.85180 days interest14 daysYes -- 180 days interest
State Employees CU (NC)$250390 days interest earned or all interest earned, whichever is less14 daysN/A
Pentagon Federal CU$1,0003.5180 days interset or all interest earned, whichever is lessNo grace periodYes -- 180 days interest or all interest earned, whichever is less
BECU$5002.32180 days interest7 daysYes -- 180 days interest
Schools First FCU$5003.3180 days interest7 daysYes -- 180 days interest
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