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
ST. PHILIP'S CHURCH
NY · Credit union
ST. PIUS X CHURCH
NY · Credit union
STRAITS AREA
MI · Credit union
Strasburg State Bank
ND · Bank
STRATA
CA · Credit union
STRATEGIC
VA · Credit union
STRATTON AIR NATIONAL GUARD
NY · Credit union
STREATOR COMMUNITY
IL · Credit union
Streator Home Savings Bank
IL · Bank
STREATOR ONIZED
IL · Credit union
Stride Bank, National Association
OK · Bank
STRIP STEEL COMMUNITY
WV · Credit union
Stryv Bank
KS · Bank
S T S P
LA · Credit union
STS PETER & PAUL
NY · Credit union
ST. TAMMANY
LA · Credit union
ST. THOMAS
VI · Credit union
ST. THOMAS
TN · Credit union
Studio Bank
TN · Bank
Sturdy Savings Bank
NJ · Bank
Sturgis Bank & Trust Company
MI · Bank
ST. VINCENT'S MEDICAL CENTER
CT · Credit union
SUBIACO
AR · Credit union
SUCCESS
AR · Credit union
Success Bank
IA · Bank
SUFFOLK
NY · Credit union
Sugar River Bank
NH · Bank
SUGAR VALLEY
NE · Credit union
SULLIVAN BANK
MO · Bank
SUMA
NY · Credit union
Sumitomo Mitsui Trust Bank (U.S.A.) Limited
NJ · Bank
SUMMIT
OH · Credit union
SUMMIT
NC · Credit union
SUMMIT
WI · Credit union
Summit Bank
CA · Bank
Summit Bank
OR · Bank
SUMMIT HAMPTON ROADS
VA · Credit union
Summit National Bank
WY · Bank
SUMMIT RIDGE
MO · Credit union
Summit State Bank
CA · Bank
SUN
OH · Credit union
SUN
FL · Credit union
SUNBELT
MS · Credit union
SUNCOAST
FL · Credit union
SUN COMMUNITY
CA · Credit union
Sundance State Bank
WY · Bank
Sundown State Bank
TX · Bank
SUN EAST
PA · Credit union
SUNFLOWER
KS · Credit union
Sunflower Bank, National Association
TX · 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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