The amount of your penalty will be deducted from principal. According to the FDIC, average APYs on CDs with terms spanning from one month to five years ranged from 0.23 to 1.85 as of November 20, 2023.The rates shown here were correct when last reported to us. BestCashCow tracks rates for over 15,000 banks and credit unions. We may not permit withdrawals if funds have not been credited to the account. Best CD Rates in Cincinnati, Ohio, OH - November 16, 2023. If the withdrawal occurs less than seven days after opening the CD or making another withdrawal of principal, the early withdrawal penalty will be calculated as described above, but it cannot be less than seven days' interest.For terms 24 months or more, the early withdrawal penalty is 365 days of interest on the amount withdrawn, but not more than the total amount of interest earned during the current term of the CD.If the term of the CD is 6 months to less than 24 months, then the early withdrawal penalty is 180 days of interest on the amount withdrawn, but not more than the total amount of interest earned during the current term of the CD.If the term of the CD is less than 6 months, the early withdrawal penalty is 90 days of interest on the amount withdrawn, but not more than the total amount of interest earned during the current term of the CD.There is a penalty for withdrawing principal prior to the maturity date. Are there early withdrawal fees or penalties associated with a Chase CD?
