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
STAMFORD HEALTHCARE
CT · Credit union
STANFORD
CA · Credit union
ST. ANNE'S
MA · Credit union
ST. ANN'S ARLINGTON
VA · Credit union
St. Ansgar State Bank
IA · Bank
ST. ANTHONY OF PADUA
MA · Credit union
Stanton State Bank
NE · Bank
STANWOOD AREA
PA · Credit union
Star Bank
MN · Bank
STAR FINANCIAL
TX · Credit union
STAR Financial Bank
IN · Bank
Starion Bank
ND · Bank
STARK
OH · Credit union
STAR OF TEXAS
TX · Credit union
STAR ONE
CA · Credit union
STARR COUNTY TEACHERS
TX · Credit union
STAR TECH
CO · Credit union
STAR USA
WV · Credit union
STATE AGENCIES
LA · Credit union
State Bank
IN · Bank
State Bank
IL · Bank
State Bank
IA · Bank
State Bank
WY · Bank
State Bank Financial
WI · Bank
State Bank Northwest
WA · Bank
State Bank of Bellingham
MN · Bank
State Bank of Bement
IL · Bank
State Bank of Bottineau
ND · Bank
State Bank of Burrton
KS · Bank
State Bank of Chandler
MN · Bank
State Bank of Cherry
IL · Bank
State Bank of Chilton
WI · Bank
State Bank of Cold Spring
MN · Bank
State Bank of De Kalb
TX · Bank
State Bank of Eagle Butte
SD · Bank
State Bank of Easton
MN · Bank
State Bank of Fairmont
MN · Bank
State Bank of Graymont
IL · Bank
State Bank of India
IL · Bank
State Bank of India
NY · Bank
State Bank of India (California)
CA · Bank
State Bank of Industry
IL · Bank
State Bank of Jeffers
MN · Bank
State Bank of Lake Park
MN · Bank
State Bank of Lakota
ND · Bank
State Bank of Missouri
MO · Bank
State Bank of Nauvoo
IL · Bank
State Bank of Newburg
WI · Bank
State Bank of New Richland
MN · Bank
State Bank of Reeseville
WI · 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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