Is there a penalty for early withdrawal on a certificate of deposit (CD)?

Yes. If you withdraw funds before the CD’s term ends, you may have to pay a penalty. To learn the exact amount of the penalty you'll need to speak with a banker. You can give us a call at 800-USBANKS (872-2657). We accept relay calls. You can also make an appointment at your local branch. See: How do I schedule an appointment at a U.S. Bank branch?