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
ROGUE
OR · Credit union
Rolette State Bank
ND · Bank
ROLLING F
CA · Credit union
Rolling Hills Bank & Trust
IA · Bank
Rollstone Bank & Trust
MA · Bank
ROME
NY · Credit union
ROME KRAFT EMPLOYEES
GA · Credit union
ROMNEY
WV · Credit union
Rondout Savings Bank
NY · Bank
Rosedale Bank
MD · Bank
ROSWELL COMMUNITY
NM · Credit union
Round Top State Bank
TX · Bank
ROUTE 31
MI · Credit union
Roxboro Savings Bank, SSB
NC · Bank
ROYAL
WI · Credit union
Royal Bank
WI · Bank
Royal Banks of Missouri
MO · Bank
Royal Business Bank
CA · Bank
R-S BELLCO
PA · Credit union
RSNB Bank
WY · Bank
RT
NY · Credit union
R T P
NC · Credit union
Rushford State Bank (Incorporated)
MN · Bank
RUSHMORE ELECTRIC
SD · Credit union
Rushville State Bank
IL · Bank
RUSSELL COUNTRY
MT · Credit union
RUTGERS
NJ · Credit union
RVA FINANCIAL
VA · Credit union
RVR Bank
NE · Bank
SABATTUS REGIONAL
ME · Credit union
SABINE
TX · Credit union
SABINE SCHOOL EMPLOYEES
LA · Credit union
Sabine State Bank and Trust Company
LA · Bank
Saco & Biddeford Savings Institution
ME · Bank
SACO VALLEY
ME · Credit union
SACRAMENTO
CA · Credit union
SACRED HEART PARISH HALLETTSVILLE
TX · Credit union
SAFE
SC · Credit union
SAFE
CA · Credit union
SAFE 1
CA · Credit union
SAFE HARBOR
MI · Credit union
SAFEWAY
WA · Credit union
Safra National Bank of New York
NY · Bank
SAG-AFTRA
CA · Credit union
Sage Capital Bank,
TX · Bank
Sainte Marie State Bank
IL · Bank
SAINT FRANCIS EMPLOYEES
OK · Credit union
SAINT JOHN A M E
NY · Credit union
SAINT LAWRENCE
NY · Credit union
SAINT NICHOLAS
PA · 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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