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
Relyance Bank
AR · Bank
REMINGTON
NY · Credit union
Renasant Bank
MS · Bank
Republic Bank of Chicago
IL · Bank
Republic Bank & Trust Company
KY · Bank
RESOURCE
TN · Credit union
Resource Bank
LA · Bank
Resource Bank, National Association
IL · Bank
RESOURCE ONE
TX · Credit union
RESPONDERS EMERGENCY SERVICES
WA · Credit union
REV
SC · Credit union
REVERE FIREFIGHTERS
MA · Credit union
REVITY
NC · Credit union
REVITY
IL · Credit union
R G
MO · Credit union
RG Bank, A Savings and Loan Association
CO · Bank
Rhinebeck Bank
NY · Bank
RHODE ISLAND
RI · Credit union
R.I.A.
IL · Credit union
RICHLAND
MT · Credit union
Richland County Bank
WI · Bank
RICHLAND PARISH SCHOOLS
LA · Credit union
Richland State Bank
SD · Bank
RICHMOND HERITAGE
VA · Credit union
RICHMOND VIRGINIA FIRE POLICE CREDI
VA · Credit union
Richton Bank & Trust Company
MS · Bank
RIDGEDALE
NJ · Credit union
RIDGELINE
UT · Credit union
Ridgewood Savings Bank
NY · Bank
RIEGEL
NJ · Credit union
RIG EMPLOYEES
GA · Credit union
RIM COUNTRY
AZ · Credit union
RIMROCK
MT · Credit union
RINCONES PRESBYTERIAN
NM · Credit union
Rio Bank
TX · Bank
RIO BLANCO SCHOOLS
CO · Credit union
RIO GRANDE
CO · Credit union
RIO GRANDE
NM · Credit union
RIO GRANDE VALLEY CREDIT UNION
TX · Credit union
RIPCO
WI · Credit union
RIPPLE
WI · Credit union
River Bank
WI · Bank
RiverBank
AR · Bank
RiverBank
WA · Bank
RIVERBANK
CT · Credit union
River Bank & Trust
AL · Bank
RIVER CITY
TX · Credit union
River City Bank
CA · Bank
River City Bank
GA · Bank
River City Bank, Inc.
KY · Bank
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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