BankFirst Financial Services CD Early Withdrawal Penalty

BankFirst Financial Services
CD early withdrawal penalty

TFS is an independent publisher, not this institution. View its financial health profile.

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

Personal certificates of deposit

BankFirst Financial Services lists a 30-day-interest penalty for personal CDs with terms of 12 months or less and a 180-day-interest penalty for terms longer than 12 months. The product page offers terms from one month to five years and links to specific term applications.

Limits to check in your own agreement

This is the Mississippi-based BankFirst Financial Services at bankfirstfs.com. The footnote establishes the term threshold and penalty periods, but not the daily divisor, principal basis, possible principal loss, or a maturity grace period. Confirm the customer’s opening or renewal agreement before calculating a dollar amount or assuming a right to withdraw.

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.

What would closing your CD cost?

FREE · NO SIGN-IN

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 BankFirst Financial Services 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.