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
Sawyer Savings Bank
NY · Bank
SCA
PA · Credit union
Scale Bank
MN · Bank
SCENIC COMMUNITY
TN · Credit union
SCF WESTCHESTER N. Y. EMPLOYEES
NY · Credit union
Schaumburg Bank & Trust Company, National Association
IL · Bank
S. C. H. D. DIST #7
SC · Credit union
SCHENECTADY COUNTY EMPLOYEES
NY · Credit union
Schertz Bank & Trust
TX · Bank
SCHLUMBERGER EMPLOYEES
TX · Credit union
SCHOFIELD
HI · Credit union
SCHOOL DISTRICT 3
CO · Credit union
SCHOOL EMPLOYEES
WI · Credit union
SCHOOLS
CA · Credit union
SCHOOLSFIRST
CA · Credit union
Schuyler Savings Bank
NJ · Bank
S C I
SC · Credit union
SCIENCE PARK
CT · Credit union
SCOTT
IL · Credit union
SCOTT AND WHITE EMPLOYEES
TX · Credit union
SCOTT ASSOCIATES
OH · Credit union
Scottsburg Building and Loan Association
IN · Bank
Scottsdale Community Bank
AZ · Bank
Scott State Bank
IL · Bank
SCRANTON DOWNTOWN
PA · Credit union
Scribner Bank
NE · Bank
S. C. STATE
SC · Credit union
SCURRY COUNTY SCHOOL
TX · Credit union
S E A
UT · Credit union
SEA AIR
CA · Credit union
SEABOARD
ME · Credit union
Seacoast National Bank
FL · Bank
SEA COMM
NY · Credit union
SEAGOVILLE
TX · Credit union
Seamen's Bank
MA · Bank
SEAPORT
NJ · Credit union
Seattle Bank
WA · Bank
SEATTLE METROPOLITAN
WA · Credit union
SEA WEST COAST GUARD
CA · Credit union
SEBASTICOOK VALLEY
ME · Credit union
SECNY
NY · Credit union
Second Federal Savings and Loan Association of Philadelphia
PA · Bank
S E C U
IA · Credit union
SECURED ADVANTAGE
SC · Credit union
SECURITY
MI · Credit union
Security Bank
TN · Bank
Security Bank
OK · Bank
Security Bank
NE · Bank
Security Bank
WI · Bank
Security Bank and Trust Co.
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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