Central Savings Bank CD early withdrawal penalty

Central 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.

Personal certificates of deposit

Central Savings Bank in Michigan states that early withdrawal from CDs with terms up to and including 12 months costs one month's interest. For its longer-term CDs, it states a three-month-interest penalty. Its personal CD section lists terms from 1 to 60 months and says the certificates renew automatically.

This is the Michigan institution using centralsavingsbank.com. The public product page does not establish how an interest month is calculated, the penalty principal basis, principal reduction, or a penalty-free grace-period length. The site's older copyright line is not an effective date for these rules; confirm the applicable account disclosure.

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 Central 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.

Central Savings BankCD early withdrawal penalty

Published terms reviewed; calculation inputs still required

Personal certificates of deposit

What would closing your CD cost?

Located source pages

Central Savings Bank
CD early withdrawal penalty