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 Cincinnatus Savings & Loan Co.
OH · Bank
The Citizens Bank
NM · Bank
The Citizens Bank
KY · Bank
The Citizens Bank
KY · Bank
The Citizens Bank
SC · Bank
The Citizens Bank
AL · Bank
The Citizens Bank
AR · Bank
The Citizens Bank
AL · Bank
The Citizens Bank Company
OH · Bank
The Citizens Bank of Clovis
NM · Bank
The Citizens Bank of Cochran
GA · Bank
The Citizens Bank of Edina
MO · Bank
The Citizens Bank of Edmond
OK · Bank
The Citizens Bank of Georgia
GA · Bank
The Citizens Bank of Philadelphia, Mississippi
MS · Bank
The Citizens Bank of Swainsboro
GA · Bank
The Citizens Bank of Weston
WV · Bank
The Citizens Bank of Winfield
AL · Bank
The Citizens-Farmers Bank of Cole Camp
MO · Bank
The Citizens First National Bank of Storm Lake
IA · Bank
The Citizens National Bank of Bluffton
OH · Bank
The Citizens National Bank of Hammond
NY · Bank
The Citizens National Bank of Hillsboro
TX · Bank
The Citizens National Bank of McConnelsville
OH · Bank
The Citizens National Bank of Meridian
MS · Bank
The Citizens National Bank of Park Rapids
MN · Bank
The Citizens National Bank of Quitman
GA · Bank
The Citizens National Bank of Somerset
KY · Bank
The Citizens National Bank of Woodsfield
OH · Bank
The Citizens State Bank
KS · Bank
The Citizens State Bank
KS · Bank
The Citizens State Bank
KS · Bank
The Citizens State Bank
KS · Bank
The Citizens State Bank and Trust Company
KS · Bank
The Citizens State Bank at Mohall
ND · Bank
The Citizens State Bank of Cheney, Kansas
KS · Bank
The Citizens State Bank of Ouray
CO · Bank
The City National Bank and Trust Company of Lawton, Oklahoma
OK · Bank
The City National Bank of Colorado City
TX · Bank
The City National Bank of Metropolis
IL · Bank
The City National Bank of San Saba
TX · Bank
The City National Bank of Sulphur Springs
TX · Bank
The City National Bank of Taylor
TX · Bank
The City State Bank
KS · Bank
The Claxton Bank
GA · Bank
The Clay City Banking Co.
IL · Bank
The Cleveland State Bank
MS · Bank
The Clinton National Bank
IA · Bank
The Colorado Bank and Trust Company of La Junta
CO · Bank
The Commercial and Savings Bank of Millersburg, Ohio
OH · 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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