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
NEW ALLIANCE
PA · Credit union
NEWARK POLICE
NJ · Credit union
NEWARK POST OFFICE EMPLOYEES
NJ · Credit union
NewBank
NY · Bank
NEW BEDFORD
MA · Credit union
NEW BRUNSWICK POSTAL
NJ · Credit union
Newburyport Five Cents Savings Bank
MA · Bank
New Carlisle Federal Savings Bank
OH · Bank
NEW CASTLE BELLCO
PA · Credit union
NEW CASTLE COUNTY DELAWARE EM
DE · Credit union
NEW CENTURY
IL · Credit union
New Century Bank
KS · Bank
NEW COMMUNITY
NJ · Credit union
NEW COVENANT DOMINION
NY · Credit union
NEW CUMBERLAND
PA · Credit union
NEW DIMENSIONS
ME · Credit union
NEW DIRECTIONS COMMUNITY
PA · Credit union
NEWELL
PA · Credit union
NEW ENGLAND LEE
MA · Credit union
NEW ENGLAND TEAMSTERS
MA · Credit union
New Era Bank
MO · Bank
Newfield National Bank
NJ · Bank
NewFirst National Bank
TX · Bank
NEW FRONTIER BANK
MO · Bank
NEW HAMPSHIRE
NH · Credit union
NEW HAMPSHIRE POSTAL
NH · Credit union
New Haven Bank
CT · Bank
NEW HAVEN COUNTY
CT · Credit union
NEW HAVEN FIREFIGHTERS
CT · Credit union
NEW HAVEN TEACHERS
CT · Credit union
NEW HEIGHTS
UT · Credit union
NEW HORIZON
OH · Credit union
New Horizon Bank, National Association
VA · Bank
NEW HORIZONS
AL · Credit union
NEW JERSEY COMMUNITY
NJ · Credit union
NEW JERSEY LAW AND PUBLIC SAFETY
NJ · Credit union
NEW JERSEY STATE PBA
NJ · Credit union
NEW KENSINGTON MUNICIPAL
PA · Credit union
NEW LIFE
PA · Credit union
New Market Bank
MN · Bank
New Millennium Bank
NJ · Bank
New OMNI Bank, National Association
CA · Bank
NEW ORLEANS CLERK & CHECKERS
LA · Credit union
NEW ORLEANS POLICE DEPARTMENT EMP.
LA · Credit union
NEW ORLEANS PUBLIC BELT RAILROAD
LA · Credit union
New Peoples Bank, Inc.
VA · Bank
Newport Federal Bank
TN · Bank
NEWPORT NEWS MUN. EMP CREDIT UNION
VA · Credit union
New Republic Bank
NC · Bank
NEWRIZONS
WA · Credit union
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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