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
SUNFLOWER COMMUNITY
KS · Credit union
SUNKIST EMPLOYEES
CA · Credit union
SUNLIGHT
WY · Credit union
SUNMARK
NY · Credit union
Sunmark Community Bank
GA · Bank
Sunnyside Federal Savings and Loan Association of Irvington
NY · Bank
SUN PACIFIC
CA · Credit union
Sunrise Bank
FL · Bank
Sunrise Bank Dakota
SD · Bank
Sunrise Banks, National Association
SD · Bank
SUNRISE FAMILY
MI · Credit union
SUNSET
OR · Credit union
Sunstate Bank
FL · Bank
SUNWARD
NM · Credit union
SUNWEST
AZ · Credit union
SUNWEST
CO · Credit union
Sunwest Bank
UT · Bank
SUNY FREDONIA
NY · Credit union
SUPERIOR CHOICE
WI · Credit union
SUPERIOR CREDIT UNION
PA · Credit union
SUPERIOR CREDIT UNION, INC
OH · Credit union
SUPERIOR MUNICIPAL EMPLOYEES
WI · Credit union
Superior National Bank
MI · Bank
Superior Savings Bank
WI · Bank
Surety Bank
FL · Bank
SUSQUEHANNA VALLEY
PA · Credit union
Susser Bank
TX · Bank
Sutton Bank
OH · Bank
SUWANNEE RIVER
FL · Credit union
Swedish-American State Bank
KS · Bank
SWEETEX
TX · Credit union
SWEET HOME
NY · Credit union
SWEETWATER REGIONAL
TX · Credit union
Sweet Water State Bank
AL · Bank
SWEMP
TX · Credit union
SYCAMORE
AL · Credit union
SYLVANIA AREA
OH · Credit union
SYMPHONY
MA · Credit union
Synchrony Bank
UT · Bank
SYNERGY
TX · Credit union
Synergy Bank
LA · Bank
SYRACUSE COOPERATIVE
NY · Credit union
SYRACUSE FIRE DEPARTMENT EMPLOYEES
NY · Credit union
SYRACUSE POSTAL
NY · Credit union
Table Grove State Bank
IL · Bank
Table Rock Community Bank
MO · Bank
TACOMA LONGSHOREMEN
WA · Credit union
TAHQUAMENON AREA
MI · Credit union
Talbot State Bank
GA · Bank
TAMPA BAY
FL · 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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