Before you break your CD
Find the terms.
See the dollar cost.
Search your bank or credit union for CD withdrawal sources and reviewed penalty rules. If we haven’t verified the applicable terms, the calculator requires your own disclosure inputs.
Find your institution
8,424 matching institutions · Reviewed rules appear first
NATIONAL INSTITUTES OF HEALTH
MD · Credit union
NATIONAL J. A. C. L.
UT · Credit union
NATIONAL POLICE
IL · Credit union
Nationwide Trust Company, FSB
OH · Bank
Native American Bank, National Association
CO · Bank
NATRIUM EMPLOYEES
WV · Credit union
NATURAL RESOURCES CONSERVATION SERV
TX · Credit union
NATURAL STATE
AR · Credit union
NAVARRO
TX · Credit union
Nave Bank
PR · Bank
NAVEO
MA · Credit union
NAVIGANT
RI · Credit union
NAVIGATOR
MS · Credit union
NAVY FEDERAL CREDIT UNION
VA · Credit union
NBH Bank
CO · Bank
nbkc bank
KS · Bank
NBT Bank, National Association
NY · Bank
NBT Financial Bank
TX · Bank
NCE
TX · Credit union
N C P D
NY · Credit union
Nebraska Bank
NE · Bank
Nebraska Bank of Commerce
NE · Bank
NEBRASKA ENERGY
NE · Credit union
Nebraskaland Bank
NE · Bank
NEBRASKA RURAL COMMUNITY
NE · Credit union
Nebraska State Bank
NE · Bank
Nebraska State Bank
NE · Bank
Nebraska State Bank
NE · Bank
Nebraska State Bank and Trust Company
NE · Bank
NEBRASKA STATE EMPLOYEES
NE · Credit union
NECHES
TX · Credit union
Needham Bank
MA · Bank
NEIGHBORHOOD
TX · Credit union
NEIGHBORHOOD COMMUNITY
NE · Credit union
Neighborhood National Bank
MN · Bank
Neighborhood National Bank
CA · Bank
NEIGHBORHOOD TRUST
NY · Credit union
NEIGHBORS
LA · Credit union
NEIGHBORS
MO · Credit union
Neighbors Bank
MO · Bank
NEIGHBORS UNITED
SC · Credit union
NEIMAN MARCUS GROUP EMPLOYEES
TX · Credit union
Nekoosa Port Edwards State Bank
WI · Bank
Nelnet Bank
UT · Bank
NEPHI WESTERN EMPLOYEES
UT · Credit union
NESC
MA · Credit union
NET
PA · Credit union
Nevada Bank and Trust Company
NV · Bank
N.E.W.
WI · Credit union
New Albin Savings Bank
IA · Bank
What would closing your CD cost?
FREE · NO SIGN-INEstimate a full principal withdrawal before maturity. Amounts stay in this page and are not sent to TFS. Your institution must confirm eligibility and the final redemption quote.
The decision behind the calculator
Should you break a CD for a higher rate?
First, find the penalty in the agreement for your exact CD and opening date. A schedule published today may differ from the one that governs your account. Check whether the bank allows early withdrawal and whether the charge can reduce principal.
Then compare both choices at the same future date: what your current CD would be worth at maturity, and what the proceeds after its penalty could earn elsewhere by then. Use the contractual interest rate to estimate an interest-based penalty; use APY only for the future-growth comparison.
An illustrative $10,000 CD
Suppose your agreement specifies 180 days of simple interest as the penalty, a 365-day basis, and a 4% contractual rate. With no interest available on withdrawal, the estimated charge is $197.26 if the bank permits it to reduce principal.
With one year left, a current 4% APY would grow $10,000 to about $10,400. Reinvesting the $9,802.74 proceeds at 5% APY would grow to about $10,292.88. In this example, holding wins by about $107.12.
Illustration only, not a bank-specific rule or quote. It assumes constant APYs, immediate reinvestment, and no taxes, transfer delays, or other fees.
Why your exact product matters
Penalty periods, principal reductions, partial withdrawals, and maturity grace periods can differ within one bank. Current advertised terms may not apply to an older CD. We link to sources and withhold bank-specific defaults when verification expires or a source changes.
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