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 SOUTH CREDIT UNION
TN · Credit union
Newtek Bank, National Association
FL · Bank
Newtown Savings Bank
CT · Bank
New Tripoli Bank
PA · Bank
New Valley Bank & Trust
MA · Bank
NEW YORK EPISCOPAL
NY · Credit union
NEW YORK TIMES EMPLOYEES
NY · Credit union
NEW YORK UNIVERSITY
NY · Credit union
NexBank
TX · Bank
NEXTIER BANK, NATIONAL ASSOCIATION
PA · Bank
NEXT STEP
NY · Credit union
N.F.G. #2
PA · Credit union
N G M EMPLOYEES
NH · Credit union
NIAGARA FALLS A F
NY · Credit union
NIAGARA FALLS TEACHERS
NY · Credit union
NIAGARA REGIONAL
NY · Credit union
NIAGARA'S CHOICE
NY · Credit union
NIAGARA-WHEATFIELD
NY · Credit union
N.I.C.E.
IL · Credit union
NICKEL STEEL
OH · Credit union
Nicolet National Bank
WI · Bank
NIKKEI
CA · Credit union
NINNESCAH VALLEY BANK
KS · Bank
NIZARI PROGRESSIVE
TX · Credit union
NJ GATEWAY
NJ · Credit union
N. J. LATVIAN
NJ · Credit union
N.J.T. EMPLOYEES
NJ · Credit union
N. MISSISSIPPI HEALTH SERVICES EMP.
MS · Credit union
NOBLE
CA · Credit union
NobleBank & Trust
AL · Bank
NODA
LA · Credit union
Nola Bank
LA · Bank
NONE SUFFER LACK
MD · Credit union
N.O. PORT COMMISSION EMPLOYEES
LA · Credit union
NORDSTROM
WA · Credit union
NORFOLK COMMUNITY
MA · Credit union
NORFOLK FIRE DEPARTMENT
VA · Credit union
NORMAL CITY EMPLOYEES
IL · Credit union
NORSTAR
SD · Credit union
NORSTATE
ME · Credit union
NORTH ADAMS M E
MA · Credit union
North Alabama Bank
AL · Bank
NORTH ALABAMA EDUCATORS
AL · Credit union
NORTH ALABAMA PAPERMAKERS
AL · Credit union
North American Banking Company
MN · Bank
North American Savings Bank, F.S.B.
MO · Bank
NORTHAMPTON AREA SCHOOL DIST. EMPS
PA · Credit union
Northbrook Bank and Trust Company, National Association
IL · Bank
North Brookfield Savings Bank
MA · Bank
North Cambridge Co-operative Bank
MA · 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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