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
NORTHWOODS COMMUNITY
WI · Credit union
NORWALK HOSPITAL
CT · Credit union
Norway Savings Bank
ME · Bank
NORWIN TEACHERS
PA · Credit union
NORWOOD TOWN EMPLOYEES
MA · Credit union
NOTRE DAME
IN · Credit union
NOTRE DAME COMMUNITY
MA · Credit union
NOVA
NC · Credit union
Nova Bank
AL · Bank
NOVATION
MN · Credit union
NOVA UA
NJ · Credit union
NOVO
CA · Credit union
NRS COMMUNITY DEVELOPMENT
AL · Credit union
NSB Bank
IA · Bank
NSP
MN · Credit union
NSPIRE
TX · Credit union
NUCOR EMPLOYEE'S
SC · Credit union
NUCOR EMPLOYEES
AL · Credit union
NUEVA ESPERANZA COMMUNITY
OH · Credit union
NUMARK
IL · Credit union
NUMERICA
WA · Credit union
NUSENDA
NM · Credit union
NUTMEG STATE FINANCIAL
CT · Credit union
NUVISION
CA · Credit union
NUVISTA
CO · Credit union
NW PREFERRED
OR · Credit union
NW PRIORITY
OR · Credit union
NY FIREFIGHTERS BRAVEST
NY · Credit union
NYM
NY · Credit union
NYMEO
MD · Credit union
N Y TEAM
NY · Credit union
OAHE
SD · Credit union
Oak Bank
WI · Bank
OAK CLIFF CHRISTIAN
TX · Credit union
OAKDALE
WI · Credit union
OAK FARMS EMPLOYEES
TX · Credit union
OAK LAWN MUNICIPAL EMPLOYEES
IL · Credit union
Oakstar Bank
MO · Bank
Oak Valley Community Bank
CA · Bank
Oak View National Bank
VA · Bank
Oakwood Bank
WI · Bank
Oakworth Capital Bank
AL · Bank
O AND R UTILITIES EMPLOYEES
NY · Credit union
O.A.S. STAFF
DC · Credit union
O'Bannon Banking Company
MO · Bank
O BEE
WA · Credit union
OC
OH · Credit union
OCALA COMMUNITY
FL · Credit union
OCEANAIR
CA · Credit union
Ocean Bank
FL · 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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