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
State Bank of Schaller
IA · Bank
State Bank of Scotia
NE · Bank
State Bank of Southern Utah
UT · Bank
State Bank of Southwest Missouri
MO · Bank
State Bank of Table Rock
NE · Bank
State Bank of Taunton
MN · Bank
State Bank of Texas
TX · Bank
State Bank of the Lakes, National Association
IL · Bank
State Bank of Toulon
IL · Bank
State Bank of Whittington
IL · Bank
State Bank & Trust
AL · Bank
State Bank & Trust Co.
IA · Bank
State Bank & Trust Company
LA · Bank
State Bank & Trust of Kenmare
ND · Bank
State Central Bank
IA · Bank
STATE CS EMPLOYEES
NY · Credit union
STATE DEPARTMENT
VA · Credit union
STATE EMPLOYEES
NM · Credit union
STATE EMPLOYEES'
NC · Credit union
STATE EMPLOYEES COMMUNITY
IL · Credit union
STATE EMPLOYEES CU OF MARYLAND, INC
MD · Credit union
STATE FARM
IL · Credit union
STATE HIGHWAY PATROL
OH · Credit union
State National Bank
TX · Bank
State Nebraska Bank & Trust
NE · Bank
STATE POLICE CREDIT UNION INC.
CT · Credit union
State Savings Bank
IA · Bank
State Savings Bank
MI · Bank
State Savings Bank
IA · Bank
State Street Bank and Trust Company
MA · Bank
State Street Bank and Trust Company
IL · Bank
STATEWIDE
MS · Credit union
ST. ATHANASIUS
IA · Credit union
STATIONERY
MO · Credit union
ST. AUGUSTINE
MO · Credit union
S&T Bank
PA · Bank
ST. BERNARD PARISH SCHOOL BOARD EMP
LA · Credit union
St. Charles Bank & Trust Company, National Association
IL · Bank
St. Clair County State Bank
MO · Bank
St. Clair State Bank (Incorporated)
MN · Bank
ST. CLOUD FINANCIAL
MN · Credit union
ST. COLMAN & AFFILIATES
OH · Credit union
STEAMFITTERS PHILA
PA · Credit union
Stearns Bank National Association
MN · Bank
S.T.E.C.
TX · Credit union
STEEL STRONG COMMUNITY
PA · Credit union
STEEL VALLEY
OH · Credit union
STEPHENS COUNTY COMMUNITY
GA · Credit union
STEPPING STONES COMMUNITY
DE · Credit union
STERLING
CO · 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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