Heritage Bank Minnesota CD Early Withdrawal Penalty

Heritage Bank Minnesota
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

Fixed-rate CDs — listed terms and minimum penalty

Heritage Bank Minnesota’s CD/IRA table states a $25 minimum early-withdrawal penalty. Its listed fixed CDs carry 91 days of interest for the 3-month term; 181 days for the 6- and 12-month terms; and 365 days for the 18-, 24-, 30-, 36-, 48-, and 60-month terms. The penalty-day amounts must be read together with the minimum charge.

Limits to check in your own agreement

The table’s rate date is December 18, 2025; a fresh fetch does not prove those offers are current or applicable to every existing CD. The dollar minimum is not represented by the current calculator’s interest-day minimum. Day-count basis, principal treatment, and withdrawal restrictions also need confirmation. Do not silently substitute 180 for 181 days.

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 Heritage Bank Minnesota 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.