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
PASADENA MUNICIPAL
TX · Credit union
PASSAIC POLICE
NJ · Credit union
Passumpsic Savings Bank
VT · Bank
PATELCO
CA · Credit union
PATENT AND TRADEMARK OFFICE
VA · Credit union
PATERSON POLICE
NJ · Credit union
PATH
NJ · Credit union
PATHFINDER
WY · Credit union
Pathfinder Bank
NY · Bank
Pathward, National Association
SD · Bank
PATHWAY
TN · Credit union
Pathway Bank
NE · Bank
PATHWAYS FINANCIAL
OH · Credit union
PATRIOT
PA · Credit union
PATRIOT
MO · Credit union
Patriot Bank
TN · Bank
Patriot Bank, National Association
CT · Bank
PATRIOT EQUITY
TN · Credit union
Patriots Bank
KS · Bank
Patrons Bank, National Association
OK · Bank
PATTERSON
AR · Credit union
Patterson State Bank
LA · Bank
PAUL QUINN
NY · Credit union
Pavillion Bank
TX · Bank
PAWTUCKET MUNICIPAL EMPLOYEES
RI · Credit union
PBA
AR · Credit union
PBK BANK, INC.
KY · Bank
PB&T Bank
CO · Bank
P C
PA · Credit union
PCB Bank
CA · Bank
PCM
WI · Credit union
PCSB Bank
IA · Bank
PEACH STATE
GA · Credit union
PEAK
WA · Credit union
PEAKE
MD · Credit union
Peapack Private Bank & Trust
NJ · Bank
PEARL HAWAII
HI · Credit union
PEARL MUNICIPAL
MS · Credit union
PEAR ORCHARD
TX · Credit union
PECU
TX · Credit union
PEE DEE
SC · Credit union
Pee Dee Federal Savings Bank
SC · Bank
Pegasus Bank
TX · Bank
PELICAN
LA · Credit union
PENAIR
FL · Credit union
Pendleton Community Bank, Inc.
WV · Bank
PENINSULA
MI · Credit union
PENINSULA COMMUNITY
WA · Credit union
PENLANCO
PA · Credit union
PENN
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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