For a CD with a twelve (12) month or shorter term, the penalty is three (3) months interest, regardless of when you redeem the account prior to maturity.The annual percentage yield is accurate as of the above date.įees could reduce earnings on the account.Įarly Withdrawal Penalty: If you redeem a Certificate of Deposit (CD) prior to maturity, you will incur an early withdrawal penalty. The annual percentage yield assumes interest remains on deposit until maturity.
