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
RARITAN BAY
NJ · Credit union
Raritan State Bank
IL · Bank
RAVALLI COUNTY
MT · Credit union
RAVE FINANCIAL
TX · Credit union
RAVENSWOOD
WV · Credit union
Raymond James Bank
FL · Bank
Rayne Building and Loan Association
LA · Bank
Rayne State Bank & Trust Company
LA · Bank
RAYTOWN-LEE'S SUMMIT COMMUNITY
MO · Credit union
R Bank
TX · Bank
RBC Bank, (Georgia) National Association
GA · Bank
RCB Bank
OK · Bank
READING BERKS SCHOOL EMPLOYEES
PA · Credit union
Reading Co-operative Bank
MA · Bank
Readlyn Savings Bank
IA · Bank
REAVIS - STICKNEY
IL · Credit union
RED CANOE
WA · Credit union
RED CROWN
OK · Credit union
REDEEMER
TX · Credit union
Redemption Bank
UT · Bank
RED LAKE CO OP
MN · Credit union
REDLANDS CITY EMPLOYEES
CA · Credit union
RED OAK
AL · Credit union
RED RIVER
OK · Credit union
Red River Bank
LA · Bank
RED RIVER EMPLOYEES
TX · Credit union
Red River State Bank
MN · Bank
RED ROCKS
CO · Credit union
REDSTONE
AL · Credit union
Redstone Bank
CO · Bank
RED WING
MN · Credit union
REDWOOD
CA · Credit union
Redwood Capital Bank
CA · Bank
REED
TX · Credit union
REEVES COUNTY TEACHERS
TX · Credit union
REFUGIO COUNTY
TX · Credit union
Regent Bank
OK · Bank
REGIONAL
IN · Credit union
REGIONAL MEDICAL CTR HOPKINS CO EMP
KY · Credit union
REGIONAL MEMBERS
GA · Credit union
Regional Missouri Bank
MO · Bank
REGIONAL WATER AUTHORITY EMPLOYEES
CT · Credit union
Regions Bank
AL · Bank
Reliabank Dakota
SD · Bank
RELIANCE
PA · Credit union
RELIANCE
KS · Credit union
Reliance Bank
MN · Bank
Reliance Savings Bank
PA · Bank
Reliance State Bank
IA · Bank
RELIANT COMMUNITY
NY · 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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