The Lincoln National Bank of Hodgenville CD early withdrawal penalty

The Lincoln National Bank of Hodgenville
CD early withdrawal penalty

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Published terms reviewed; calculation inputs still required

We have reviewed the published terms below. They do not establish every detail needed for a bank-specific dollar calculation, so the estimator requires your own agreement inputs. We do not fill those gaps with assumptions.

Certificates of deposit

Lincoln National Bank of Hodgenville states a penalty of 91 days of interest for CDs with terms of 12 months or less. For longer terms, it states a penalty equal to half the interest for the term, giving an 18-month CD with a nine-month-interest penalty as its example. The page gives a 10-day grace period after maturity for penalty-free withdrawal.

The page also says withdrawals are not allowed until maturity, so the published penalty schedule does not by itself guarantee early-redemption permission. It does not establish a complete dollar formula, including a daily-interest divisor or principal treatment. Confirm the particular CD's agreement and the bank's permission and quote; the separate IRA section is excluded.

TFS assisted source review: Aug 31, 2026 · Last source check: Aug 31, 2026 · Official source

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Estimate a full principal withdrawal before maturity. Amounts stay in this page and are not sent to TFS. Your institution must confirm eligibility and the final redemption quote.

Enter the terms from your disclosure

These are your inputs, not verified The Lincoln National Bank of Hodgenville terms. This manual model supports simple days/months of interest or all interest earned. Percentage fees, tiered formulas, special minimums, and exceptions need an institution quote.

Penalty formulaPenalty daysInterest year basisCan the penalty reduce principal?

CD principal ($)Contractual annual interest rate (%)Use the interest rate on your CD agreement, not the advertised APY.Interest still on deposit and payable ($)Exclude interest already paid out. Use your institution’s current figure.

Compare holding this CD with reinvesting the proceeds until the same maturity date.I checked that these terms apply to my product, original term, and deposit date. This is a full withdrawal before maturity, outside any special withdrawal window. Any early-holding-period minimum has been accounted for.

Located source pages

Discovery is not verification. These pages may be incomplete or describe a different product.

https://www.mylnb.com/cd_ira.html