Bankrate.com’s 2015 CD Early Withdrawal Penalty Survey collected data from banks and credit unions for 5 of the most common CD maturities being sold today. This chart gives you an easy way to compare CD offerings by institution, metropolitan area and maturity using the survey data we collected in October of this year.

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Credit Unions
Term Institution Minimum deposit Yield Penalty for early withdrawal Reduction in principal if accrued and unpaid interest is less than the penalty? Grace period on automatically renewable CDs Are early withdrawal penalties the same for retirement CDs?
3-month BECU $500 0.1% 30 days’ interest Yes 7 days Not offered
3-month Navy Federal Credit Union $1,000 0.45% All interest earned No 14 days Yes
3-month SchoolsFirst Federal Credit Union $500 0.35% 90 days’ interest on the amount withdrawn Yes 7 days Yes
6-month BECU $500 0.15% 30 days’ interest Yes 7 days Not offered
6-month Navy Federal Credit Union $1,000 0.55% Lesser of 90 days’ interest on amount withdrawn or all interest earned No 14 days Yes
6-month Pentagon Federal Credit Union $1,000 0.6% Lesser of 90 days’ interest or all accrued interest No None Yes
6-month SchoolsFirst Federal Credit Union $500 0.65% 90 days’ interest on the amount withdrawn Yes 7 days Yes
6-month State Employees’ Credit Union (of North Carolina) $250 1% Lesser of 90 days’ interest on amount withdrawn or all interest earned No 7 days Not offered
1-year BECU $500 0.2% 30 days’ interest Yes 7 days Yes
1-year Navy Federal $1,000 0.85% Lesser of 90 days’ interest on amount withdrawn or all interest earned No 14 days Yes
1-year Pentagon Federal Credit Union $1,000 1.21% If redeemed within first year, all dividends forfeited; if redeemed thereafter, 30% of what would have been earned at maturity, not to exceed total dividends earned No None Yes
1-year SchoolsFirst Federal Credit Union $500 0.8% 90 days’ interest on the amount withdrawn Yes 7 days Yes
1-year State Employees’ Credit Union (of North Carolina) $250 1% Lesser of 90 days’ interest on amount withdrawn or all interest earned No 7 days Not offered
2-year BECU $500 0.35% 90 days’ interest Yes 7 days Yes
2-year Navy Federal Credit Union $1,000 1.25% Lesser of 180 days’ interest on amount withdrawn or all interest earned No 14 days Yes
2-year Pentagon Federal Credit Union $1,000 1.41% If redeemed within first year, all dividends forfeited; if redeemed thereafter, 30% of what would have been earned at maturity, not to exceed total dividends earned No None Yes
2-year SchoolsFirst Federal Credit Union $500 1.05% 180 days’ interest on the amount withdrawn Yes 7 days Yes
2-year State Employees’ Credit Union (of North Carolina) $250 1.25% Lesser of 90 days’ interest on amount withdrawn or all interest earned No 7 days Not offered
5-year BECU $500 0.9% 90 days’ interest Yes 7 days Yes
5-year Navy Federal Credit Union $1,000 1.95% Lesser of 180 days’ interest on amount withdrawn or all interest earned No 14 days Yes
5-year Pentagon Federal Credit Union $1,000 1.51% If redeemed within first year, all dividends forfeited; if redeemed thereafter, 30% of what would have been earned at maturity, not to exceed total dividends earned No None Yes
5-year SchoolsFirst Federal Credit Union $500 2.05% 180 days’ interest on the amount withdrawn Yes 7 days Yes
5-year State Employees’ Credit Union (of North Carolina) $250 1.75% Lesser of 90 days’ interest on amount withdrawn or all interest earned No 7 days Not offered

Bankrate.com's CD Early Withdrawal Penalty Survey studied 100 banks and thrifts from the top 10 metropolitan markets Oct. 1-13, 2015. Included were the top 5 banks and the top 5 thrifts by deposit size in each market. The top 5 credit unions from across the country by assets also were surveyed. In some instances, the institution did not offer all maturity periods.

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