Cambridge Savings Bank CD early withdrawal penalty

Cambridge Savings 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.

Personal CDs — published term-by-term penalties

Cambridge Savings Bank’s personal-account disclosure lists 90 days of simple interest for six- and nine-month CDs; 180 days for one-, two-, and three-year CDs; and 270 days for five-year CDs. For a three-month CD, it states loss of all interest on the amount subject to penalty, with a seven-day-interest provision for withdrawal during the first six days after deposit. Partial withdrawals generally must leave at least $1,000, with an exception stated for retirement accounts; the general agreement also reserves the bank’s right to close a CD after a partial withdrawal. The stated maturity grace period is ten calendar days.

Matched the official personal-account disclosure to Cambridge Savings Bank in Massachusetts (FDIC 17870), not similarly named banks. The cited text does not identify the 365/366-day penalty basis. Exceptions and separately supplied notices can matter; confirm your product, original term, deposit date, and redemption instructions. These listed terms must not be interpolated to unlisted promotional terms.

TFS assisted source review: Aug 31, 2026 · Last source check: Aug 31, 2026 · Official source

What would closing your CD cost?

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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 Cambridge Savings 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.

Cambridge Savings BankCD early withdrawal penalty

Published terms reviewed; calculation inputs still required

Personal CDs — published term-by-term penalties

What would closing your CD cost?

Located source pages

Cambridge Savings Bank
CD early withdrawal penalty