CD early withdrawal: Chicago

At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here’s an explanation for’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
3. Chicago
Institution Liquid CDs offered Term Minimum deposit Yield


Grace period on automatically renewable CDs Conditions
Bank of America Yes 9-month $5,000 0.4 7 days “Risk Free CD account” – must open online; allows you to make withdrawals every seven days, without any penalty.
Chase Bank No
Harris NA No
National City Bank No
The Northern Trust Co
BankFinancial No
Citizens Financial Bank No
First Savings Bank of Hegewisch No
George Washington Savings Bk No
Liberty Bank for Savings No

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