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
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 7 days, without any penalty
Chase Bank No
Citibank No
Union Bank No
Wells Fargo Bank
Fullerton Community Bk No
Kaiser Federal Bank No
La Jolla Bank No
Luther Burbank Savings No
OneWest Bank No

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