First Farmers Bank & Trust Co. CD early withdrawal penalty

First Farmers Bank & Trust Co.
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.

11-month Flex CD — one withdrawal exception

First Farmers Bank & Trust’s 11-month Flex CD offer permits one penalty-free withdrawal after 30 days from account opening. Other early withdrawals can be subject to a penalty. The offer renews into a 12-month CD at maturity. The same page also lists a separate 19-month CD, but does not extend the Flex withdrawal exception to that product.

The page does not state the ordinary penalty amount, all limits on the one-time withdrawal, or a maturity grace period. Its 11-month offer has rate information effective January 6, 2026; that date does not guarantee continuing offer availability or establish that an older or renewed CD retains the same exception. Confirm eligibility, timing, and withdrawal limits with the bank before using the exception.

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 Farmers Bank & Trust Co. 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 Farmers Bank & Trust Co.CD early withdrawal penalty

Published terms reviewed; calculation inputs still required

11-month Flex CD — one withdrawal exception

What would closing your CD cost?

Located source pages

First Farmers Bank & Trust Co.
CD early withdrawal penalty