The First National Bank of Middle Tennessee CD Early Withdrawal Penalty

The First National Bank of Middle Tennessee
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

First National Bank of Middle Tennessee states that early withdrawal costs three months of interest for CDs with a term of 12 months or less, and six months of interest for CDs with a term longer than 12 months. Its page describes available CD terms from three months to three years.

Limits to check in your own agreement

These are the interest periods disclosed for the listed CD product. The source does not supply the full balance basis, annual day count, partial-withdrawal policy, or treatment of a penalty exceeding earned interest; those account-specific details must be checked before calculating an exact fee.

TFS assisted source review: Aug 31, 2026 · Last source check: Oct 5, 2026 · Read the 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 The First National Bank of Middle Tennessee 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.