My MSB Certificate of Deposit — published penalty schedule
Machias Savings Bank’s consumer rate table lists these early-withdrawal penalties: 30 days of interest for the three-month CD; 90 days for six-, seven-, twelve-, and fifteen-month CDs; 180 days for eighteen- and twenty-four-month CDs; 365 days for thirty-six- and forty-eight-month CDs; and 545 days for the sixty-month CD. The seven- and fifteen-month products are identified as specials. The page distinguishes the contractual interest rate from APY and directs customers to their account agreement and other disclosures for calculation details and additional conditions.
Matched the official consumer rate page to Machias Savings Bank (FDIC 19531). The page says its rates are accurate as of August 1, 2026; that is not proof that these penalties apply to every older deposit. The rate table alone does not establish the daily year basis, principal-reduction treatment, partial-withdrawal rights, or grace period. Supply those details from your agreement before estimating a dollar cost.
TFS assisted source review: Aug 31, 2026 · Last source check: Aug 31, 2026 · Official source