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
POWER ONE
IN · Credit union
PPG & ASSOCIATES
PA · Credit union
Prairie Community Bank
IL · Bank
Prairie State Bank and Trust
IL · Bank
Prairie Sun Bank
MN · Bank
PRECISION
NH · Credit union
PREFERRED
MI · Credit union
Preferred Bank
MO · Bank
Preferred Bank
CA · Bank
PREMIER
IA · Credit union
PREMIER AMERICA
CA · Credit union
Premier Bank
MN · Bank
Premier Bank
IA · Bank
Premier Bank
IA · Bank
PremierBank
WI · Bank
Premier Bank Minnesota
MN · Bank
Premier Bank National Association
NE · Bank
Premier Bank of the South
AL · Bank
Premier Community Bank
WI · Bank
PREMIER FINANCIAL
WI · Credit union
PREMIER MEMBERS
CO · Credit union
PREMIER ONE
CA · Credit union
PRESCOTT
AZ · Credit union
Presidential Bank, FSB
MD · Bank
PRESIDENTS
OH · Credit union
PRESTIGE COMMUNITY
TX · Credit union
PRESTO LEWISTON EMPLOYEES
UT · Credit union
PRESTON
WV · Credit union
Prevail Bank
WI · Bank
Primary Bank
NH · Bank
Prime Alliance Bank
UT · Bank
Primebank
IA · Bank
PrimeBank of Texas
TX · Bank
PRIME FINANCIAL
WI · Credit union
Prime Security Bank
MN · Bank
PRIMESOURCE
WA · Credit union
PrimeSouth Bank
GA · Bank
PRIMETRUST FINANCIAL
IN · Credit union
PRIMEWAY
TX · Credit union
Primis Bank
VA · Bank
PRINCE GEORGE'S COMMUNITY
MD · Credit union
PRINCETON
NJ · Credit union
Princeville State Bank
IL · Bank
Principal Bank
IA · Bank
PrinsBank
MN · Bank
PRIORITY
AR · Credit union
PRIORITY
FL · Credit union
Priority Bank
AR · Bank
PRIORITY FIRST
PA · Credit union
PRIORITY ONE
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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