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
2. Los Angeles
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| Bank of America | $1,000 | 0.35 | 90 days interest | 7 days | Yes -- 90 days interest |
| Chase Bank | $1,000 | 0.2 | $25 + 1% of withdrawal amount | 10 days | Yes -- $25 + 1% of withdrawal amount |
| Citibank | $500 | 0.25 | 30 days interest | 7 days | No -- 1-month simple interest |
| Union Bank | $350 | 0.25 | 91 days simple interest | 10 days | No -- Penalty depends on how far into the term you are when you withdraw funds |
| Wells Fargo Bank | $2,500 | 0.1 | $25 min/3 months interest | 7 days | Yes -- $25 min/3 months interest |
| Fullerton Community Bk | $2,500 | 0.25 | 3 months interest | 7 days | Yes -- 3 months interest |
| Kaiser Federal Bank | $1,000 | 0.50 | 90 days interest | 7 days | Yes -- 90 days interest |
| La Jolla Bank | $10,000 | 1.1 | 1 month interest | 7 days | Yes -- 1 month interest |
| Luther Burbank Savings | $1,000 | 1.1 | 90 days interest | 7 days | Yes -- 90 days interest |
| OneWest Bank | $1,000 | 1.15 | 1 month simple interest | 7 days | Yes -- 1 month simple interest |
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