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 JERSEY
NJ · Credit union
NORTHLAND AREA
MI · Credit union
NORTH LITTLE ROCK EDUCATORS
AR · Credit union
NORTH MEMORIAL
MN · Credit union
NORTH PENN
PA · Credit union
NORTH PLATTE UNION PACIFIC EMPLOYEE
NE · Credit union
Northpointe Bank
MI · Bank
NORTHRIDGE COMMUNITY
MN · Credit union
Northrim Bank
AK · Bank
NORTHROP GRUMMAN
CA · Credit union
NORTH SANPETE
UT · Credit union
NORTH SHORE
MN · Credit union
North Shore Bank
WI · Bank
North Shore Bank of Commerce
MN · Bank
North Shore Trust and Savings
IL · Bank
NORTHSIDE
GA · Credit union
North Side Federal Savings and Loan Association of Chicago
IL · Bank
NORTHSIDE L
IL · Credit union
NORTH STAR
MN · Credit union
Northstar Bank
MI · Bank
North Star Bank
MN · Bank
NORTH STAR COMMUNITY
ND · Credit union
NORTH STAR COMMUNITY
IA · Credit union
North State Bank
NC · Bank
NORTH TOWNS
NY · Credit union
North Valley Bank
OH · Bank
North Valley Bank
CO · Bank
Northview Bank
MN · Bank
NORTHWEST
VA · Credit union
NORTHWEST ADVENTIST
OR · Credit union
NORTHWEST ARKANSAS
AR · Credit union
Northwest Bank
PA · Bank
Northwest Bank
IA · Bank
Northwest Bank
ID · Bank
Northwest Community Bank
CT · Bank
NORTHWEST CONSUMERS
MI · Credit union
NORTHWESTERN
OH · Credit union
Northwestern Bank
WI · Bank
Northwestern Bank, National Association
MN · Bank
NORTH WESTERN EMPLOYEES
IA · Credit union
NORTHWESTERN ENERGY EMPLOYEES
MT · Credit union
NORTHWESTERN MUTUAL
WI · Credit union
Northwestern Mutual Wealth Management
WI · Bank
NORTHWEST HILLS
CT · Credit union
NORTHWEST MISSOURI REGIONAL
MO · Credit union
NORTHWEST MUNICIPAL
IL · Credit union
NORTHWEST PLUS
WA · Credit union
NORTHWOOD
PA · Credit union
NORTHWOODS
MN · Credit union
Northwoods Bank of Minnesota
MN · 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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