First Bank CD early withdrawal penalty

First Bank
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.

Standard CD and Comfort CD

First Bank lists an early withdrawal penalty of 30 days of interest on the amount withdrawn for CD terms of 15 months or less, 90 days of interest on the amount withdrawn for terms of 18–24 months, and 180 days of interest on the amount withdrawn for terms over two years. The same penalty footnote is attached to its standard CD and Comfort CD descriptions.

The published schedule does not specify a tier for 16- or 17-month terms. Do not fill that gap or assume the penalty for another product. The page does not establish every calculation convention or whether a penalty can reduce principal; confirm the account agreement before calculating a dollar amount.

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 First Bank 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.

First BankCD early withdrawal penalty

Published terms reviewed; calculation inputs still required

Standard CD and Comfort CD

What would closing your CD cost?

Located source pages

First Bank
CD early withdrawal penalty