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
Shelby Savings Bank, SSB
TX · Bank
SHELL
TX · Credit union
Shell Lake State Bank
WI · Bank
SHELL WESTERN STATES
CA · Credit union
SHELTER INSURANCE
MO · Credit union
Sherburne State Bank
MN · Bank
SHERIDAN COMMUNITY
WY · Credit union
SHERWIN
TX · Credit union
SHERWIN WILLIAMS EMP.
IL · Credit union
Sherwood Community Bank
MO · Bank
SHILOH ENGLEWOOD
IL · Credit union
Shinhan Bank America
NY · Bank
Shoreham Bank
RI · Bank
SHORELINE
WI · Credit union
SHORE TO SHORE COMMUNITY
MI · Credit union
Shore United Bank, National Association
MD · Bank
SHOW-ME
MO · Credit union
S H P E
LA · Credit union
SHREVEPORT POLICE
LA · Credit union
SHREWSBURY
MA · Credit union
SHUFORD
NC · Credit union
Sibley State Bank
IA · Bank
Sicily Island State Bank
LA · Bank
SIDNEY
NY · Credit union
Sidney Federal Savings and Loan Association
NE · Bank
Sidney State Bank
MI · Bank
SIERRA CENTRAL
CA · Credit union
SIERRA PACIFIC
NV · Credit union
SIGNAL FINANCIAL
MD · Credit union
SIGNATURE
VA · Credit union
Signature Bank, National Association
OH · Bank
Signature Bank of Arkansas
AR · Bank
SIGNET
KY · Credit union
SIKESTON PUBLIC SCHOOLS
MO · Credit union
SIKORSKY FINANCIAL
CT · Credit union
Silex Banking Company
MO · Bank
SILVERADO
CA · Credit union
Silver Lake Bank
KS · Bank
Simmesport State Bank
LA · Bank
Simmons Bank
AR · Bank
SIMPLICITY
WI · Credit union
SIMPLOT
ID · Credit union
SINGING RIVER
MS · Credit union
SING SING EMPLOYEES
NY · Credit union
SIOUXLAND
NE · Credit union
Siouxland Bank
NE · Bank
SIOUX VALLEY COMMUNITY
IA · Credit union
SIOUX VALLEY COOP
SD · Credit union
S I PHILADELPHIA
PA · Credit union
SISKIYOU
CA · 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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