What is the penalty if I cash in my certificate of deposit early?
The penalty for cashing in a 12 month or less certificate is 90 days of interest or interest earned from the initial date of opening to the date of withdrawal, whichever is less. The penalty for early withdrawal of a greater than 12 month certificate is 180 days of interest or the interest earned from the initial date of opening to the date of withdrawal, whichever is less.
