2010 CD Study
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CD early withdrawal: Dallas

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
InstitutionMinimum depositYield
%
Penalty for early withdrawalGrace period on automatically renewable CDsEarly withdrawal penalties same for retirement CDs?
Bank of America$1,0000.190 days interest7 daysYes -- 90 days interest
BBVA Compass Bank$5,0000.1530 days interest10 daysYes -- 30 days interest
Chase Bank$1,0000.2$25 +10 daysYes -- $25 + 1% of withdrawal amount
Wacohvia$1,0000.1590 days interest7 daysYes -- 90 days interest
Beal Bank$1,0000.61 ½ months interest10 daysN/A
Colonial Savings$1,0000.7590 days interest10 daysN/A
OmniAmerican BankN/A    
Southwest Securities$1,0000.530 days interest10 daysN/A
Viewpoint Bank$1,0000.6$25 + 1% of withdrawal amount10 daysYes -- $25 + 1% of withdrawal amount
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Product Rate Change Last week
1 Year CD 0.89%  0.01 0.88%
2 Year CD 1.01%  0.02 1.03%
5 Year CD 1.59%  0.01 1.60%
 
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