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
The Bank of Herrin
IL · Bank
The Bank of Houston
MO · Bank
The Bank of Kaukauna
WI · Bank
The Bank of LaFayette, Georgia
GA · Bank
The Bank of Landisburg
PA · Bank
The Bank of Magnolia Company
OH · Bank
The Bank of Marion
VA · Bank
The Bank of Milan
TN · Bank
The Bank of Missouri
MO · Bank
The Bank of Monroe
WV · Bank
The Bank of New Glarus
WI · Bank
The Bank of New York Mellon
NY · Bank
The Bank of New York Mellon Trust Company, National Association
CA · Bank
The Bank of Old Monroe
MO · Bank
The Bank of Princeton
NJ · Bank
The Bank of Protection
KS · Bank
The Bank of Romney
WV · Bank
The Bank of San Jacinto County, Coldspring, Texas
TX · Bank
The Bank of South Carolina
SC · Bank
The Bank of Southside Virginia
VA · Bank
The Bank of Steinauer
NE · Bank
The Bank of Tampa
FL · Bank
The Bank of Tescott
KS · Bank
The Bank of the West
OK · Bank
The Bank of Tioga
ND · Bank
The Bank of Vernon
AL · Bank
The Bank of Versailles
MO · Bank
The Baxter State Bank
KS · Bank
The Bendena State Bank
KS · Bank
The Bennington State Bank
KS · Bank
The Berkshire Bank
NY · Bank
The Bippus State Bank
IN · Bank
The Blue Grass Valley Bank
VA · Bank
The Bradford National Bank of Greenville
IL · Bank
The Brady National Bank
TX · Bank
The Brattleboro Savings and Loan Association
VT · Bank
The Brenham National Bank
TX · Bank
THE BRIDGEWAY
AL · Credit union
The Brookville Building and Savings Association
OH · Bank
The Buckholts State Bank
TX · Bank
The Callaway Bank
MO · Bank
The Camden National Bank
ME · Bank
The Campbell & Fetter Bank
IN · Bank
The Canandaigua National Bank and Trust Company
NY · Bank
The Cape Cod Five Cents Savings Bank
MA · Bank
The Casey County Bank, Inc.
KY · Bank
THE CATHOLIC
OH · Credit union
The Cecilian Bank
KY · Bank
The Central Trust Bank
MO · Bank
The Chesapeake Bank & Trust Co.
MD · 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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