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
Peoples Bank of Kankakee County
IL · Bank
Peoples Bank of Kentucky, Inc.
KY · Bank
Peoples Bank of Macon
IL · Bank
Peoples Bank of Moniteau County
MO · Bank
People's Bank of Seneca
MO · Bank
Peoples Bank of the South
TN · Bank
Peoples Bank of Wyaconda, Missouri
MO · Bank
Peoples Bank & Trust
IL · Bank
Peoples Bank & Trust
GA · Bank
Peoples Bank & Trust Co.
MO · Bank
Peoples Bank & Trust Company
TN · Bank
PEOPLES CHOICE
KS · Credit union
PEOPLESCHOICE
ME · Credit union
PEOPLE'S COMMUNITY
WA · Credit union
Peoples Community Bank
MO · Bank
Peoples Community Bank SB of Monticello, Indiana
IN · Bank
Peoples Exchange Bank
AL · Bank
Peoples Exchange Bank
KY · Bank
Peoples First Savings Bank
OH · Bank
Peoples Independent Bank
AL · Bank
Peoples National Bank , N.A.
IL · Bank
Peoples National Bank of Kewanee
IL · Bank
Peoples Savings and Loan Company
OH · Bank
Peoples Savings Bank
IA · Bank
Peoples Savings Bank
IA · Bank
Peoples Savings Bank of Rhineland
MO · Bank
Peoples Security Bank and Trust Company
PA · Bank
PeoplesSouth Bank
GA · Bank
Peoples State Bank
OH · Bank
Peoples State Bank
TX · Bank
Peoples State Bank
WI · Bank
Peoples State Bank
ND · Bank
Peoples State Bank
TX · Bank
Peoples State Bank
OK · Bank
Peoples State Bank
WI · Bank
Peoples State Bank, Fairmount, N. D.
ND · Bank
Peoples State Bank of Colfax
IL · Bank
Peoples State Bank of Hallettsville
TX · Bank
Peoples State Bank of Munising
MI · Bank
Peoples State Bank of Plainview
MN · Bank
Peoples State Bank of Velva
ND · Bank
PEOPLES TRANSPORT
NJ · Credit union
Peoples Trust and Savings Bank
IN · Bank
PeoplesTrust Bank
AL · Bank
Peoples Trust Company of St. Albans
VT · Bank
PEORIA BELL
IL · Credit union
PEORIA CITY EMPLOYEES
IL · Credit union
PEORIA FIRE FIGHTERS
IL · Credit union
PEORIA HIWAY
IL · Credit union
PEORIA POSTAL EMPLOYEES
IL · 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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