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 First National Bank in Cimarron
KS · Bank
The First National Bank in Cooper
TX · Bank
The First National Bank in Falfurrias
TX · Bank
The First National Bank in Sioux Falls
SD · Bank
The First National Bank in Tremont
IL · Bank
The First National Bank in Trinidad
CO · Bank
The First National Bank of Absecon
NJ · Bank
The First National Bank of Allendale
IL · Bank
The First National Bank of Anderson
TX · Bank
The First National Bank of Anson
TX · Bank
The First National Bank of Arenzville
IL · Bank
The First National Bank of Aspermont
TX · Bank
The First National Bank of Assumption
IL · Bank
The First National Bank of Ava
IL · Bank
The First National Bank of Bagley
MN · Bank
The First National Bank of Ballinger
TX · Bank
The First National Bank of Bangor
WI · Bank
The First National Bank of Bastrop
TX · Bank
The First National Bank of Bellevue
OH · Bank
The First National Bank of Bemidji
MN · Bank
The First National Bank of Blanchester
OH · Bank
The First National Bank of Brooksville
KY · Bank
The First National Bank of Brownstown
IL · Bank
The First National Bank of Carmi
IL · Bank
The First National Bank of Cokato
MN · Bank
The First National Bank of Coleraine
MN · Bank
The First National Bank of Dennison
OH · Bank
The First National Bank of Dighton
KS · Bank
The First National Bank of Dryden
NY · Bank
The First National Bank of Eagle Lake
TX · Bank
The First National Bank of East Texas
TX · Bank
The First National Bank of Elmer
NJ · Bank
The First National Bank of Ely
NV · Bank
The First National Bank of Evant
TX · Bank
The First National Bank of Fairfax
MN · Bank
The First National Bank of Fleming
CO · Bank
The First National Bank of Fletcher
OK · Bank
The First National Bank of Fort Smith
AR · Bank
The First National Bank of Frederick
SD · Bank
The First National Bank of Germantown
OH · Bank
The First National Bank of Gilbert
MN · Bank
The First National Bank of Gordon
NE · Bank
The First National Bank of Granbury
TX · Bank
The First National Bank of Grayson
KY · Bank
The First National Bank of Groton
NY · Bank
The First National Bank of Hartford
AL · Bank
The First National Bank of Hebbronville
TX · Bank
The First National Bank of Hooker
OK · Bank
The First National Bank of Hope
KS · Bank
The First National Bank of Hughes Springs
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.
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