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
TEMPLE SANTA FE COMMUNITY
TX · Credit union
Templeton Savings Bank
IA · Bank
TEN
TN · Credit union
TENDTO
PA · Credit union
TENNESSEE DEPARTMENT OF SAFETY
TN · Credit union
TENNESSEE EMPLOYEES
TN · Credit union
TENNESSEE MEMBERS 1ST
TN · Credit union
TENNESSEE RIVER
TN · Credit union
Tennessee State Bank
TN · Bank
TENNESSEE VALLEY
TN · Credit union
Tensas State Bank
LA · Bank
TERMINALS
NJ · Credit union
Terrabank, National Association
FL · Bank
Teutopolis State Bank
IL · Bank
TEWKSBURY
MA · Credit union
Texana Bank, National Association
TX · Bank
TEXANS
TX · Credit union
TEXAN SKY
TX · Credit union
TEXAR
TX · Credit union
TEXARKANA TERMINAL EMPLOYEES
TX · Credit union
Texas Advantage Community Bank, National Association
TX · Bank
TEXAS ASSOCIATIONS OF PROFESSIONALS
TX · Credit union
Texas Bank
TX · Bank
TexasBank
TX · Bank
Texas Bank and Trust Company
TX · Bank
TEXAS BAY
TX · Credit union
TEXAS BRIDGE
TX · Credit union
Texas Capital Bank
TX · Bank
Texas Champion Bank
TX · Bank
TEXAS COMMUNITY
TX · Credit union
Texas Community Bank
TX · Bank
TEXAS DOW EMPLOYEES
TX · Credit union
TEXAS DPS
TX · Credit union
Texas Exchange Bank
TX · Bank
Texas Financial Bank
TX · Bank
Texas First Bank
TX · Bank
TEXASGULF
TX · Credit union
Texas Gulf Bank, National Association
TX · Bank
TEXAS GULF CAROLINA EMP
NC · Credit union
TEXAS HEALTH
TX · Credit union
Texas Heritage National Bank
TX · Bank
TEXAS LEE
TX · Credit union
Texas National Bank
TX · Bank
Texas National Bank
TX · Bank
Texas National Bank of Jacksonville
TX · Bank
TEXAS PEOPLE
TX · Credit union
TEXAS PLAINS
TX · Credit union
Texas Regional Bank
TX · Bank
Texas Republic Bank, National Association
TX · Bank
Texas Security Bank
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.
Don’t miss the next maturity.
Save holdings in your free TFS account and export calendar reminders. No bank connection or paid subscription.
Open the free organizer →