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CD early withdrawal
Old 07-21-2013, 04:46 PM   #1
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CD early withdrawal

Is there a rule of thumb about withdrawing from a CD before it has matured? If the penalty is 1 month, to at least break even how much higher should the current CD interest rate be than that of the "old" CD? What if the penalty is longer, such as 3 or 6 months?

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Old 07-21-2013, 05:19 PM   #2
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This was from a link on fatwallet

When to Break a CD Calculator - Is the improved interest worth an early withdrawal penalty?
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