If you do this, the money you have paid into the account will be returned to you, minus an early cancellation fee and / or early withdrawal fee for the CD proceeds. (badcredit.org)
Certificates of deposit have early withdrawal fees which can amount to a substantial portion of the interest earned before the withdrawal (each bank has different rules on this). (freefrombroke.com)
In exchange for the guaranteed CD interest rate, with no market risk, you do not have access to the funds before the CD matures without incurring early withdrawal fees. (bankofinternet.com)