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
SOUTHERN BAPTIST CHURCH OF NEW YORK
NY · Credit union
SOUTHERN CHAUTAUQUA
NY · Credit union
SOUTHERN COASTAL
MS · Credit union
SOUTHERN ENERGY
AL · Credit union
Southern First Bank
SC · Bank
SOUTHERN GAS
AR · Credit union
Southern Heritage Bank
LA · Bank
Southern Hills Community Bank
OH · Bank
Southern Illinois Bank
IL · Bank
Southern Independent Bank
AL · Bank
SOUTHERN LAKES
WI · Credit union
Southern Michigan Bank & Trust
MI · Bank
SOUTHERN MIDDLESEX CO TCHRS
NJ · Credit union
SOUTHERNMOST
FL · Credit union
SOUTHERN PINE
GA · Credit union
SOUTHERN SECURITY
TN · Credit union
SOUTHERN STAR
TX · Credit union
SOUTHERN TEACHERS & PARENTS
LA · Credit union
SouthernTrust Bank
IL · Bank
South Georgia Bank
GA · Bank
South Georgia Banking Company
GA · Bank
South Lafourche Bank & Trust Company
LA · Bank
SOUTHLAND
TX · Credit union
SOUTHLAND
CA · Credit union
South Louisiana Bank
LA · Bank
SOUTH METRO
MN · Credit union
South Ottumwa Savings Bank
IA · Bank
SouthPoint Bank
AL · Bank
SOUTHPOINT FINANCIAL
MN · Credit union
SOUTH SANPETE
UT · Credit union
SOUTH SHOP
IL · Credit union
South Shore Bank
MA · Bank
Southside Bank
TX · Bank
SOUTH SIDE COMMUNITY
IL · Credit union
SouthStar Bank, S.S.B.
TX · Bank
SouthState Bank, National Association
FL · Bank
South Story Bank & Trust
IA · Bank
SOUTH TEXAS
TX · Credit union
SOUTH TEXAS REGIONAL
TX · Credit union
SouthTrust Bank, N.A.
TX · Bank
SOUTHWEST 66
TX · Credit union
SOUTHWEST AIRLINES
TX · Credit union
Southwest Bank
TX · Bank
Southwest Bank of Weatherford
OK · Bank
SOUTHWEST COMMUNITIES
PA · Credit union
Southwestern National Bank
TX · Bank
SOUTHWEST FINANCIAL
TX · Credit union
SOUTHWEST HERITAGE
TX · Credit union
Southwest Heritage Bank
AZ · Bank
SOUTHWEST LOUISIANA
LA · 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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