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
Sterling Bank
WI · Bank
Sterling Bank
MO · Bank
Sterling Federal Bank, F.S.B.
IL · Bank
Sterling State Bank
MN · Bank
STERLING UNITED
IN · Credit union
STEUBEN CITIZENS
NY · Credit union
STEWART'S
NY · Credit union
ST. FRANCIS X
MI · Credit union
ST. GREGORY PARISH
IL · Credit union
ST. HELENA PARISH
IL · Credit union
Stifel Bank
MO · Bank
Stifel Bank and Trust
MO · Bank
Stifel Trust Company Delaware, National Association
DE · Bank
Stifel Trust Company, National Association
MO · Bank
Stillman BancCorp N.A.
IL · Bank
ST. JAMES PARISH
OH · Credit union
ST. JEAN'S
MA · Credit union
ST. JOHN UNITED
NY · Credit union
ST. JOSEPHS CANTON PARISH
OH · Credit union
ST. JOSEPH TEACHERS'
MO · Credit union
St. Landry Bank and Trust Company
LA · Bank
St. Louis Bank
MO · Bank
ST. LOUIS COMMUNITY
MO · Credit union
ST. LOUIS NEWSPAPER CARRIERS
MO · Credit union
ST. LOUIS POLICEMEN`S
MO · Credit union
ST. LUDMILA S
IA · Credit union
ST. LUKE'S COMMUNITY
TX · Credit union
ST. MARK
IL · Credit union
ST. MARTIN DE PORRES PARISH
IL · Credit union
St. Martin National Bank
MN · Bank
ST. MARY PARISH SCHOOL EMP.
LA · Credit union
ST. MARY'S
MA · Credit union
ST. MARY'S BANK
NH · Credit union
ST. MICHAELS
CO · Credit union
ST. MICHAELS FALL RIVER
MA · Credit union
Stock Growers Bank
ND · Bank
Stockman Bank of Montana
MT · Bank
Stockmens Bank
CO · Bank
Stockmens National Bank in Cotulla
TX · Bank
Stock Yards Bank & Trust Company
KY · Bank
Stone Bank
AR · Bank
StonehamBank, A Co-operative Bank
MA · Bank
STONEHAM MUNICIPAL EMPLOYEES
MA · Credit union
STOPPENBACH
WI · Credit union
Story Bank DBA Story Financial Partners
MS · Bank
Stoughton Co-operative Bank
MA · Bank
STOUGHTON TOWN EMPLOYEES
MA · Credit union
ST. PASCHAL BAYLONS
OH · Credit union
ST. PATS EMPLOYEES
MT · Credit union
ST. PAUL
MN · 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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