KY · Bank

First State 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

12-month CD — automatic renewal and grace period

First State Bank’s Kentucky 12-month CD page says the account automatically renews for the same term at the rate in effect at maturity. It allows 10 calendar days after maturity to withdraw funds without a penalty. The bank warns that an early-withdrawal penalty may apply before maturity but does not state its amount on this product page.

Limits to check in your own agreement

This summary covers the specified 12-month product, not every CD offered by a similarly named bank. The page’s APY information is dated June 16, 2026 and is not a current rate promise. The actual early-withdrawal formula, partial-withdrawal policy, and terms of an older CD or later renewal require confirmation from the bank.

TFS assisted source review: Aug 31, 2026 · Last source check: Oct 19, 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 First State 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.

Located source pages

Discovery is not verification. These pages may be incomplete or describe a different product.