The First National Bank of Carmi CD early withdrawal penalty

The First National Bank of Carmi
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

First National Bank of Carmi, operating as First Bank, lists an early withdrawal penalty of 90 days of interest for CDs with a term of one year or less and 180 days of interest for CDs with a term longer than one year. Its CD page lists available terms from 91 days to 60 months.

The page’s 14-day maturity notice is not a statement that there is a 14-day penalty-free grace period. The published penalty tiers do not specify every interest calculation convention, partial-withdrawal condition, or treatment of principal, so confirm the individual account agreement.

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.

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These are your inputs, not verified The First National Bank of Carmi 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.

The First National Bank of CarmiCD early withdrawal penalty

Published terms reviewed; calculation inputs still required

Certificates of Deposit

What would closing your CD cost?

Located source pages

The First National Bank of Carmi
CD early withdrawal penalty