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
OMEGA PSI PHI FRATERNITY
GA · Credit union
OMNI COMMUNITY
MI · Credit union
ONE
VT · Credit union
One American Bank
SD · Bank
ONEAZ
AZ · Credit union
One Bank of Tennessee
TN · Bank
ONE COMMUNITY
WV · Credit union
One Community Bank
WI · Bank
ONE CREDIT UNION OF NY
NY · Credit union
ONE DETROIT
MI · Credit union
ONEIDA COUNTY
NY · Credit union
OneLocal Bank
MA · Bank
ONENEBRASKA
NE · Credit union
ONE NEVADA
NV · Credit union
ONE SOURCE
TX · Credit union
ONE SOUTH
MS · Credit union
ONE THIRTEEN
CO · Credit union
OneUnited Bank
MA · Bank
ONE VISION
IN · Credit union
One World Bank
TX · Bank
ONOMEA
HI · Credit union
ONPATH
LA · Credit union
ONPOINT COMMUNITY
OR · Credit union
ON TAP
CO · Credit union
ONTARIO PUBLIC EMPLOYEES
CA · Credit union
ONTARIO SHORES
NY · Credit union
ON THE GRID FINANCIAL
GA · Credit union
Oostburg State Bank
WI · Bank
OPC
OR · Credit union
Open Bank
CA · Bank
OPERATING ENGINEERS LOCAL UNION #3
CA · Credit union
OPP-MICOLAS
AL · Credit union
Opportunity Bank of Montana
MT · Bank
OptimumBank
FL · Bank
OPTIONS
CO · Credit union
Optum Bank, Inc.
UT · Bank
OPTUS Bank
SC · Bank
Orange Bank & Trust Company
NY · Bank
ORANGE COUNTY'S
CA · Credit union
Oregon Coast Bank
OR · Bank
OREGON COMMUNITY
OR · Credit union
OREGONIANS
OR · Credit union
Oregon Pacific Banking Company dba Oregon Pacific Bank
OR · Bank
OREGON STATE
OR · Credit union
OREM CITY EMPLOYEES
UT · Credit union
ORGANIZED LABOR
CA · Credit union
Oriental Bank
PR · Bank
Origin Bank
LA · Bank
ORION
TN · Credit union
ORLANDO
FL · 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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