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
10. DC Metro
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| Bank of America | $1,000 | 0.1 | 90 days interest | 7 days | Yes -- 90 days interest |
| BB&T | $1,000 | 0.05 | 1 month interest | 10 days | Yes -- 1 month interest |
| Capital One | $1,000 | 0.35 | 1 month interest | 10 days | Yes -- 1 month interest |
| SunTrust Bank | $2,000 | 0.2 | 3 months interest | 10 days | N/A |
| Wachovia | $1,000 | 0.01 | 90 days interest | 7 days | Yes -- 90 days interest |
| Acacia Federal Savings Bank | $500 | 0.95 | 3 months interest | 7 days | N/A |
| E-Trade Bank | $1,000 | 0.01 | 1 ½ months interest | 7 days | N/A |
| OBA Federal Savings Bank | $1,000 | 0.4 | 3 months interest | 7 days | N/A |
| Presidential Bank | $1,000 | 0.75 | 3 months interest | 7 days | N/A |
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