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
Pinnacle Bank - Wyoming
WY · Bank
PINN MEMORIAL
PA · Credit union
PINPOINT
PA · Credit union
PIONEER
ID · Credit union
PIONEER APPALACHIA
WV · Credit union
Pioneer Bank
MN · Bank
Pioneer Bank
VA · Bank
Pioneer Bank
IA · Bank
Pioneer Bank
NM · Bank
Pioneer Bank, National Association
NY · Bank
Pioneer Bank & Trust
SD · Bank
PIONEER COMMUNITY
NE · Credit union
Pioneer Federal Savings and Loan Association
MT · Bank
PIONEER MUTUAL
TX · Credit union
Pioneer Trust Bank, National Association
OR · Bank
PIONEER VALLEY
MA · Credit union
PIPEFITTERS-STEAMFITTERS
MN · Credit union
Piscataqua Savings Bank
NH · Bank
PITNEY BOWES EMPLOYEES
CT · Credit union
PITTSBURGH
PA · Credit union
PITTSBURGH CITY HALL EMPLOYEES
PA · Credit union
PITTSBURGH FIREFIGHTERS'
PA · Credit union
PITTSFORD
NY · Credit union
PLAINFIELD POLICE & FIREMEN'S
NJ · Credit union
PLAINS
TX · Credit union
PlainsCapital Bank
TX · Bank
Plains Commerce Bank
SD · Bank
Plains State Bank
TX · Bank
PLANITES
IL · Credit union
PLANTERS
VA · Credit union
Planters and Citizens Bank
GA · Bank
Planters Bank, Inc.
KY · Bank
Planters Bank & Trust Company
MS · Bank
Planters First Bank
GA · Bank
Plaquemine Bank & Trust Company
LA · Bank
PLATINUM
GA · Credit union
Platinum Bank
MN · Bank
Platte Valley Bank
WY · Bank
Platte Valley Bank
NE · Bank
Platte Valley Bank
NE · Bank
PLATTSBURGH CITY SCHOOL DISTRICT
NY · Credit union
Plumas Bank
CA · Bank
PLUMBERS & FITTERS LOCAL 675
HI · Credit union
PMI EMPLOYEES
DC · Credit union
PNB Community Bank
FL · Bank
PNC Bank, National Association
DE · Bank
Pocahontas State Bank
IA · Bank
POCONO MEDICAL CENTER
PA · Credit union
Pointbank
TX · Bank
POINT BREEZE
MD · 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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