Ergo Bank CD early withdrawal penalty

Ergo 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.

12-month Liquidity CD — withdrawal sequence

Ergo Bank’s 12-month Liquidity CD is listed with a $100,000 opening minimum. Footnote 5 permits a principal withdrawal without penalty on the seventh day after the opening deposit, during the CD term. It then says the next withdrawal incurs 60 days of interest on the balance at that time, pays accrued earnings, and closes the account. The product is marked nonrenewable at maturity.

This is a product-specific withdrawal-sequence rule, not a universal 60-day penalty for every Ergo CD. Confirm the exact first-withdrawal timing and any amount limits in the contract. The page’s general minimum-balance closure footnote is linked to other products, not this Liquidity CD row. The calculator does not model prior withdrawals or these conditions.

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.

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These are your inputs, not verified Ergo 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.

Ergo BankCD early withdrawal penalty

Published terms reviewed; calculation inputs still required

12-month Liquidity CD — withdrawal sequence

What would closing your CD cost?

Located source pages

Ergo Bank
CD early withdrawal penalty