CD early withdrawal: San Francisco

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
4. San Francisco
Institution Minimum deposit Yield


Penalty for early withdrawal Grace period on automatically renewable CDs Early withdrawal penalties same for retirement CDs?
Bank of America $1,000 0.35 180 days interest 7 days Yes — 180 days interest
Chase Bank $1,000 0.2 $25 + 1% of withdrawal amount 10 days Yes — $25 + 1% of withdrawal amount
Citibank $500 0.35 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 0.15 $25 min/3 months interest 7 days Yes — $25 min/3 months interest
First Federal S&LA $1,000 0.6 3 months interest 7 days Yes — 3 months interest
Franklin Templeton Bank and Trust $1,000 0.05 90 days interest 10 days N/A
Gateway Bank $1,000 0.85 30 days interest 7 days N/A
Luther Burbank Savings $1,000 1.2 90 days interest 7 days Yes — 90 days interest
Sterling Bank and Trust $500 1.15 1 month interest 7 days Yes — 1 month interest

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