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
NORTH CAROLINA COMMUNITY
NC · Credit union
NORTH CAROLINA PRESS ASSOCIATION
NC · Credit union
NORTH CENTRAL AREA
MI · Credit union
North Central Bank
IL · Bank
NORTH COAST
WA · Credit union
NORTH COUNTRY
VT · Credit union
North County Savings Bank
IL · Bank
North Dallas Bank & Trust Co.
TX · Bank
NORTH DISTRICTS
PA · Credit union
NORTHEAST ALABAMA POSTAL
AL · Credit union
Northeast Bank
MN · Bank
Northeast Bank
ME · Bank
NORTHEAST COMMUNITY
CA · Credit union
NORTHEAST COMMUNITY
TN · Credit union
NorthEast Community Bank
NY · Bank
Northeast Georgia Bank
GA · Bank
NORTHEAST MISSISSIPPI
MS · Credit union
Northeast Missouri State Bank
MO · Bank
NORTHEAST NEBRASKA
NE · Credit union
North Easton Savings Bank
MA · Bank
NORTHEAST PANHANDLE TEACHERS
TX · Credit union
NORTHEAST REGIONAL
MO · Credit union
NORTHEAST SCHOOLS AND HOSPITAL
VT · Credit union
Northeast Security Bank
IA · Bank
NORTHEAST TEXAS TEACHERS
TX · Credit union
NORTH EAST WELCH
PA · Credit union
NORTHERN
NY · Credit union
Northern Bank & Trust Company
MA · Bank
NORTHERN COLORADO
CO · Credit union
NORTHERN COMMUNITIES
MN · Credit union
NORTHERN HILLS
SD · Credit union
NORTHERN ILLINOIS
IL · Credit union
NORTHERN INDIANA
IN · Credit union
Northern Interstate Bank, N. A.
MI · Bank
NORTHERN KENTUCKY
KY · Credit union
NORTHERN LIGHTS
VT · Credit union
NORTHERN LIGHTS COMMUNITY
MI · Credit union
NORTHERN MONTANA HOSPITAL
MT · Credit union
NORTHERN NEW MEXICO SCHOOL EMPLOYEE
NM · Credit union
NORTHERN REDWOOD
CA · Credit union
NORTHERN SKIES
AK · Credit union
NORTHERN STAR CREDIT UNION, INC.
VA · Credit union
Northern State Bank
WI · Bank
Northern State Bank of Thief River Falls
MN · Bank
Northern State Bank of Virginia
MN · Bank
NORTHERN STS PWR COMPANY EMP
ND · Credit union
NORTHERN VALLEY
ND · Credit union
Northfield Savings Bank
VT · Bank
NORTH GEORGIA
GA · Credit union
NORTH IOWA COMMUNITY
IA · 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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