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
Texas State Bank
TX · Bank
TEXAS TECH
TX · Credit union
Texas Traditions Bank
TX · Bank
TEXAS TRUST
TX · Credit union
TEXELL
TX · Credit union
TEXHILLCO SCHOOL EMPLOYEES
TX · Credit union
TEX MEX
TX · Credit union
TEXOMA COMMUNITY
TX · Credit union
TEXOMA EDUCATORS
TX · Credit union
TEXSTAR
TX · Credit union
Thayer County Bank
NE · Bank
THD DISTRICT 17
TX · Credit union
The Adirondack Trust Company
NY · Bank
The American National Bank of Mount Pleasant
TX · Bank
The American National Bank of Texas
TX · Bank
The Andover Bank
OH · Bank
THE ANDOVERS
MA · Credit union
The Anna -Jonesboro National Bank
IL · Bank
The Antwerp Exchange Bank Company
OH · Bank
The Apple Creek Banking Company
OH · Bank
The Atlanta National Bank
IL · Bank
THE ATLANTIC
NJ · Credit union
The Baldwin State Bank
KS · Bank
The Baltic State Bank
OH · Bank
The Bancorp Bank, National Association
SD · Bank
The Bank
KS · Bank
The Bank
LA · Bank
The Bank and Trust, S.S.B.
TX · Bank
The Bankers Bank
OK · Bank
The Bank, National Association
OK · Bank
The Bank of Advance
MO · Bank
The Bank of Baker
MT · Bank
The Bank of Beaver City
OK · Bank
The Bank of Bennington
VT · Bank
The Bank of Bourbonnais
IL · Bank
The Bank of Brodhead
WI · Bank
The Bank of Canton
MA · Bank
The Bank of Charlotte County
VA · Bank
The Bank of Clarendon
SC · Bank
The Bank of Clovis
NM · Bank
The Bank of Commerce
LA · Bank
The Bank of Commerce
ID · Bank
The Bank of East Asia Ltd.
NY · Bank
The Bank of Edison
GA · Bank
The Bank of Elk River
MN · Bank
The Bank of Fayette County
TN · Bank
The Bank of Forest
MS · Bank
The Bank of Glen Burnie
MD · Bank
The Bank of Grain Valley
MO · Bank
The Bank of Greene County
NY · 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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