SKYLINE NATIONAL BANK CD Early Withdrawal Penalty

SKYLINE NATIONAL 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

Listed standard CD terms; separate No Penalty product excluded

Skyline National Bank lists a three-month-interest penalty for standard CDs with terms of 3, 6, 8, or 12 months. The listed 24-, 36-, and 60-month CDs carry a six-month-interest penalty. The page says its certificates automatically renew at maturity. It separately advertises a 12-month No Penalty CD, so that product must not be treated as an ordinary 12-month CD.

Limits to check in your own agreement

The page does not give the No Penalty product’s full withdrawal conditions or specify the penalty month convention, principal basis, principal-reduction rule, or grace-period length. Confirm the named product and the customer’s agreement. Do not extend the listed schedule to unlisted or special terms.

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 SKYLINE NATIONAL 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.