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
Southwest Missouri Bank
MO · Bank
SOUTHWEST MONTANA COMMUNITY
MT · Credit union
Southwest National Bank
KS · Bank
SOUTHWEST OKLAHOMA
OK · Credit union
SOUTHWEST RESEARCH CENTER
TX · Credit union
Southwind Bank
KS · Bank
Sovereign Bank
OK · Bank
SOVITA
MI · Credit union
SPACE AGE
CO · Credit union
SPACE COAST
FL · Credit union
SPC
SC · Credit union
SPC BROOKLYN
NY · Credit union
SPECIAL METALS
NY · Credit union
SPECTRA
VA · Credit union
Spectra Bank
TX · Bank
Spencer County Bank
IN · Bank
SPENCERPORT
NY · Credit union
Spencer Savings Bank, SLA
NJ · Bank
SPERO FINANCIAL
SC · Credit union
SpiritBank
OK · Bank
SPIRIT FINANCIAL
PA · Credit union
SPIRIT OF ALASKA
AK · Credit union
SPIRIT OF AMERICA
NE · Credit union
Spiro State Bank
OK · Bank
SPOJNIA
PA · Credit union
SPOKANE CITY
WA · Credit union
SPOKANE FIREFIGHTERS
WA · Credit union
SPOKANE MEDIA
WA · Credit union
SPOKANE TEACHERS
WA · Credit union
Spratt Savings Bank
SC · Bank
Spring Bank
NY · Bank
Spring Bank
WI · Bank
SPRINGFIELD CITY EMPLOYEES
IL · Credit union
SPRINGFIELD FIREFIGHTERS
IL · Credit union
Springfield State Bank
KY · Bank
Spring Hill State Bank
TX · Bank
Springs Valley Bank & Trust Company
IN · Bank
Spring Valley Bank
OH · Bank
Spring Valley City Bank
IL · Bank
SP TRAINMEN
TX · Credit union
Spur Security Bank
TX · Bank
Square Financial Services, Inc.
UT · Bank
SRI
CA · Credit union
S R I EMPLOYEES
AL · Credit union
SRP
SC · Credit union
SRU
PA · Credit union
SSB Bank
PA · Bank
SSB Community Bank
OH · Bank
Stafford Savings Bank
CT · Bank
STAGEPOINT
WY · 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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