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Bankrate's CD Early Withdrawal Penalty Survey

Wednesday, February 24, 2010 - 9:32 AM released its 2010 survey of CD early withdrawal penalties. It confirms what we've seen in that the typical early withdrawal penalty for CD terms over one year is 180 days of interest. It doesn't mention the possibility that banks could refuse early withdrawals. The survey also doesn't include penalties at the top internet banks. I'm currently working on that. For internet banks, Ally Bank has the smallest penalty with only 60 days of interest on all CD terms (see post).
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,600