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
RIVER COMMUNITY
IA · Credit union
RIVERFALL
AL · Credit union
River Falls State Bank
WI · Bank
RIVERFORK
ND · Credit union
RIVERFRONT
PA · Credit union
RiverHills Bank
OH · Bank
RiverHills Bank
MS · Bank
RIVERLAND
LA · Credit union
RIVERMARK COMMUNITY
OR · Credit union
RIVER REGION
LA · Credit union
Rivers Edge Bank
SD · Bank
Riverside Bank
AR · Bank
RIVERSIDE COMMUNITY
IN · Credit union
RIVERSIDE COMMUNITY
IL · Credit union
Riverside Savings Bank, SSB
NC · Bank
Riverstone Bank
NE · Bank
RIVER TO RIVER
IL · Credit union
RIVER TOWN
AR · Credit union
RIVERTRUST
MS · Credit union
RIVER VALLEY
IA · Credit union
RIVER VALLEY
MI · Credit union
RIVER VALLEY COMMUNITY
AR · Credit union
River Valley Community Bank
CA · Bank
RIVERVIEW
OH · Credit union
RIVERVIEW
MN · Credit union
Riverview Bank
WA · Bank
RIVERWAYS
MO · Credit union
Riverwind Bank
AR · Bank
RIVER WORKS
MA · Credit union
RIZE
CA · Credit union
RNB STATE BANK
WY · Bank
ROANOKE VALLEY COMMUNITY
VA · Credit union
Robert Lee State Bank
TX · Bank
ROBERTS DAIRY EMPLOYEES
NE · Credit union
Robertson Banking Company
AL · Bank
ROBINS FINANCIAL
GA · Credit union
Rochelle State Bank
GA · Bank
ROCHESTER & MONROE CO EMP
NY · Credit union
ROCK COMMUNITY
MI · Credit union
ROCKDALE
TX · Credit union
ROCKET
TX · Credit union
ROCKET CITY
AL · Credit union
ROCKFORD MUNICIPAL EMPLOYEES
IL · Credit union
ROCKLAND
MA · Credit union
ROCKLAND EMPLOYEES
NY · Credit union
Rockland Savings Bank, FSB
ME · Bank
Rockland Trust Company
MA · Bank
RockPointBank, National Association
TN · Bank
ROCK VALLEY
IL · Credit union
Rocky Mountain Bank & Trust
CO · 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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