I have a 13 month Washington Mutual CD that’s going to mature at the end of September 2007, but I need funds in my checking account and I want to withdraw early from my CD. I called up the bank about the interest earned to date. I have roughly $1400. Then I asked about the penalty if I withdraw early.The representative told me that the penalty is a $1570 fee. That means I will have a loss in principal if I withdraw early. Clearly, it’s not a smart move to withdraw early, since I’m half-way through the CD terms. I’ll just have to tranfer funds to my checking account from other accounts, and not touch this CD account until it matures.