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
OCEAN COUNTY EMPLOYEES
NJ · Credit union
OCEAN FINANCIAL
NY · Credit union
OceanFirst Bank, National Association
NJ · Bank
OCEAN STATE
RI · Credit union
OCNAC #1
NJ · Credit union
Oconee Federal Savings and Loan Association
SC · Bank
Oconee State Bank
GA · Bank
ODESSA EMPLOYEES
TX · Credit union
Odin State Bank
MN · Bank
OHIO COUNTY PUBLIC SCHOOLS
WV · Credit union
OHIO HEALTHCARE
OH · Credit union
Ohio State Bank
OH · Bank
OHIO TEAMSTERS
OH · Credit union
OHIO VALLEY
OH · Credit union
OHIO VALLEY COMMUNITY
OH · Credit union
Ohnward Bank & Trust
IA · Bank
OK
OK · Credit union
OKALOOSA COUNTY TEACHERS
FL · Credit union
OKLAHOMA
OK · Credit union
Oklahoma Bank and Trust Company
OK · Bank
Oklahoma Capital Bank
OK · Bank
OKLAHOMA CENTRAL
OK · Credit union
OKLAHOMA EDUCATORS
OK · Credit union
OKLAHOMA'S
OK · Credit union
Oklahoma State Bank
OK · Bank
OK MEMBERS FIRST
OK · Credit union
OKUNITY
OK · Credit union
OLATHE
CO · Credit union
Old Dominion National Bank
VA · Bank
Old Glory Bank
OK · Bank
OLD HICKORY
TN · Credit union
OLD KENTUCKY HOME
KY · Credit union
Old National Bank
IN · Bank
OLD OCEAN
TX · Credit union
Old Plank Trail Community Bank, National Association
IL · Bank
Old Second National Bank
IL · Bank
OLD SPANISH TRAIL
LA · Credit union
OLD WEST
OR · Credit union
OLEAN TEACHERS' AND POSTAL
NY · Credit union
OLIVET BAPTIST
TN · Credit union
OLIVE VIEW EMPLOYEES
CA · Credit union
OLYMPIA
WA · Credit union
Olympia Federal Savings and Loan Association
WA · Bank
OMAHA
NE · Credit union
OMAHA DOUGLAS
NE · Credit union
OMAHA FIREFIGHTERS
NE · Credit union
OMAHA POLICE
NE · Credit union
OMAHA PUBLIC POWER DIST EMP
NE · Credit union
Omb Bank
MO · Bank
OMEGA
PA · 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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