Luana Savings Bank CD early withdrawal penalty

Luana Savings 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.

Certificates of deposit — general FAQ

Luana Savings Bank describes its early-withdrawal charge as interest for half the original CD term. Its example is a 48-month CD with a penalty equal to 24 months of interest. The renewal FAQ provides a 10-day grace period after maturity to withdraw money, add money, change the term, or close the CD. It also tells customers to check the renewal notice and Truth in Savings disclosure for the applicable penalty.

This is the bank's general CD FAQ, not a verified dollar-calculation formula. The page does not establish the penalty's principal basis, treatment of previously paid interest, or principal-reduction rules. Confirm the agreement for the particular product and its opening or renewal date; do not substitute APY for the contract interest rate.

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

What would closing your CD cost?

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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 Luana Savings 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.

Luana Savings BankCD early withdrawal penalty

Published terms reviewed; calculation inputs still required

Certificates of deposit — general FAQ

What would closing your CD cost?

Located source pages

Luana Savings Bank
CD early withdrawal penalty