I am looking at increasing our CD early withdraw penalties. I would like to know how much other banks charge for this.

28-day certificate. Penalties for withdrawal of any principal prior to maturity - all earnings paid, credited and accrued.

91-day certificate. No withdrawals will be permitted on this account for the first 45 days. In the event of any withdrawals following the first 45 days but prior to maturity, the Account holder shall forfeit an amount equal to all earnings paid, credited and accrued on the amount of the withdrawal

6 month certificate, three months of interest, whether earned or not, on the amount withdrawn at the simple interest rate being paid on the account, regardless of the length of time the funds withdrawn have remained in the account.

1 & 3 year certificate. In the event of any withdrawal of principal from this account prior to a maturity date, the Account holder shall forfeit an amount equal to six months of interest whether earned or not, on the amount withdrawn.

4 – 10 year certificate. In the event of any withdrawal of principal from this account prior to a maturity date, the Account holder shall forfeit an amount equal to 12 months of interest whether earned or not, on the amount withdrawn.

This is really a regional pricing issue and jumping in your car and visiting your direct competitors is probably a better option then a blind survey. You will need that information anyway for your justification within your proposal.

I definitely agree. Our markets vary tremendousely on pricing issues and CD penalties is one of the areas where we see significant differences. I would poll local competition.