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
Security Bank and Trust Company
TN · Bank
Security Bank and Trust Company
OK · Bank
Security Bank Midwest
SD · Bank
Security Bank Minnesota
MN · Bank
Security Bank of Kansas City
KS · Bank
Security Bank of Pulaski County
MO · Bank
Security Bank of Southwest Missouri
MO · Bank
Security Bank of Texas
TX · Bank
Security Bank of the Ozarks
MO · Bank
Security Bank, s.b.
IL · Bank
Security Bank & Trust Company
MN · Bank
Security Bank USA
MN · Bank
Security Federal Bank
SC · Bank
Security Federal Savings Bank
IN · Bank
Security Federal Savings Bank of McMinnville
TN · Bank
Security Financial Bank
WI · Bank
SECURITY FIRST
TX · Credit union
Security First Bank
NE · Bank
Security First Bank of North Dakota
ND · Bank
Security National Bank of Omaha
NE · Bank
Security National Bank of South Dakota
SD · Bank
SECURITYPLUS
MD · Credit union
Security Savings Bank
IA · Bank
Security Savings Bank
SD · Bank
Security Savings Bank
IL · Bank
SECURITY SERVICE
TX · Credit union
Security State Bank
IA · Bank
Security State Bank
OK · Bank
Security State Bank
TX · Bank
Security State Bank
WI · Bank
Security State Bank
TX · Bank
Security State Bank
WY · Bank
Security State Bank
IA · Bank
Security State Bank
SD · Bank
Security State Bank
KS · Bank
Security State Bank
IA · Bank
Security State Bank of Aitkin
MN · Bank
Security State Bank of Hibbing
MN · Bank
Security State Bank of Kenyon
MN · Bank
Security State Bank of Marine
MN · Bank
Security State Bank of Oklahoma
OK · Bank
Security State Bank of Oklee
MN · Bank
Security State Bank of Wanamingo
MN · Bank
Security State Bank of Warroad
MN · Bank
Security State Bank & Trust
TX · Bank
Security Trust & Savings Bank
IA · Bank
SEG
MT · Credit union
SEI
ID · Credit union
SEI Private Trust Company
PA · Bank
SELCO COMMUNITY
OR · 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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