The Mer Rouge State Bank CD Early Withdrawal Penalty

The Mer Rouge State 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.

What the published disclosure says

Certificates of deposit — published term table

Mer Rouge State Bank lists a one-month-interest penalty for its 7–31-day and 91-day CDs; three months of interest for its 182-day, 9-month, and 365-day CDs; and six months of interest for its 18-month, 24-month, and 5-year CDs. Automatically renewing certificates have a 10-day grace period after maturity to withdraw funds without the listed penalty. The page distinguishes these from single-maturity certificates, which do not earn interest after maturity.

Limits to check in your own agreement

Only the CD rows are summarized; the separate IRA section has different terms. The source does not specify a simple-month conversion, principal basis, or principal-reduction treatment for the penalty. Confirm the applicable opening or renewal disclosure before using the manual calculator.

TFS assisted source review: Aug 31, 2026 · Last source check: Oct 5, 2026 · Read the official source ↗

Need a dollar estimate? Use the terms that apply to your CD in the calculator below. See a worked break-or-hold example first if you are comparing rates.

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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 The Mer Rouge State 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.