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
PALACE CITY
SD · Credit union
PALCO FCU
PA · Credit union
PALISADES
NY · Credit union
PALMETTO CITIZENS
SC · Credit union
PALMETTO FIRST
SC · Credit union
Palmetto State Bank
SC · Bank
Palo Savings Bank
IA · Bank
PAMPA MUNICIPAL
TX · Credit union
PAMPA TEACHERS
TX · Credit union
Pan American Bank & Trust
IL · Bank
PAN AMOCO
LA · Credit union
PANHANDLE
KS · Credit union
PANHANDLE
FL · Credit union
Panhandle First Bank
OK · Bank
PANTEX
TX · Credit union
Paper City Savings Bank, S.A.
WI · Bank
PAPER CONVERTERS LOCAL 286/1034
PA · Credit union
Paradise Bank
FL · Bank
Paragon Bank
TN · Bank
Paramount Bank
MO · Bank
PARAMOUNT BAPTIST CHURCH
DC · Credit union
PARDA
MI · Credit union
PAR-DEL EMP.
PA · Credit union
PARIS DISTRICT
TX · Credit union
PARISH
OH · Credit union
PARISHIONERS
CA · Credit union
PARIS HI-WAY
IL · Credit union
PARK
KY · Credit union
Park Bank, National Association
WI · Bank
PARK CITY
WI · Credit union
Parke Bank
NJ · Bank
PARK MANOR CHRISTIAN CHURCH
IL · Credit union
PARKS HERITAGE
NY · Credit union
PARK SIDE FINANCIAL
MT · Credit union
Parkside Financial Bank & Trust
MO · Bank
Park State Bank
MN · Bank
Park State Bank & Trust
CO · Bank
PARK VIEW
VA · Credit union
Parkway Bank and Trust Company
IL · Bank
PARLIN DUPONT EMPLOYEES
NJ · Credit union
PARTHENON
TN · Credit union
PARTNER COLORADO
CO · Credit union
PARTNERS
CA · Credit union
PARTNERS 1ST
IN · Credit union
Partners Bank
AR · Bank
Partners Bank of California
CA · Bank
Partners Bank of New England
ME · Bank
Partners Bank of Wisconsin
WI · Bank
PARTNERSHIP FINANCIAL
IL · Credit union
PASADENA
CA · 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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