At the present time our institution assesses an early withdrawal penalty on CD's based upon the interest rate and the term of the CD.

We are exploring ways to increase fee income with time penalties once interest rates start rising. In researching this with our local competition everyone is assessing their penalties basically the same way we do. Does anyone out there do anything differently??

We were thinking of having the penalty be a percentage of the dollar amount deposited ...

You might want to move this discussion to a private forum.