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
9. Dallas
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| Bank of America | $1,000 | 0.1 | 90 days interest | 7 days | Yes -- 90 days interest |
| BBVA Compass Bank | $5,000 | 0.15 | 30 days interest | 10 days | Yes -- 30 days interest |
| Chase Bank | $1,000 | 0.2 | $25 + | 10 days | Yes -- $25 + 1% of withdrawal amount |
| Wacohvia | $1,000 | 0.15 | 90 days interest | 7 days | Yes -- 90 days interest |
| Beal Bank | $1,000 | 0.6 | 1 ½ months interest | 10 days | N/A |
| Colonial Savings | $1,000 | 0.75 | 90 days interest | 10 days | N/A |
| OmniAmerican Bank | N/A | | | | |
| Southwest Securities | $1,000 | 0.5 | 30 days interest | 10 days | N/A |
| Viewpoint Bank | $1,000 | 0.6 | $25 + 1% of withdrawal amount | 10 days | Yes -- $25 + 1% of withdrawal amount |
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