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 of Hutchinson
KS · Bank
The First National Bank of Izard County
AR · Bank
The First National Bank of Johnson
NE · Bank
The First National Bank of Lacon
IL · Bank
The First National Bank of Le Center
MN · Bank
The First National Bank of Lipan
TX · Bank
The First National Bank of Litchfield
IL · Bank
The First National Bank of Livingston
TX · Bank
The First National Bank of Louisburg
KS · Bank
The First National Bank of Manchester
KY · Bank
The First National Bank of Manning
IA · Bank
The First National Bank of McConnelsville
OH · Bank
The First National Bank of McGregor
TX · Bank
The First National Bank of McIntosh
MN · Bank
The First National Bank of Mertzon
TX · Bank
The First National Bank of Milaca
MN · Bank
The First National Bank of Monterey
IN · Bank
The First National Bank of Moody
TX · Bank
The First National Bank of Moose Lake
MN · Bank
The First National Bank of Mount Dora
FL · Bank
The First National Bank of Nevada, Missouri
MO · Bank
The First National Bank of Okawville
IL · Bank
The First National Bank of Oneida
TN · Bank
The First National Bank of Orwell
VT · Bank
The First National Bank of Osakis
MN · Bank
The First National Bank of Pandora
OH · Bank
The First National Bank of Peterstown
WV · Bank
The First National Bank of Primghar
IA · Bank
The First National Bank of Proctor
MN · Bank
The First National Bank of Quitaque
TX · Bank
The First National Bank of Raymond
IL · Bank
The First National Bank of River Falls
WI · Bank
The First National Bank of Russell Springs
KY · Bank
The First National Bank of Scott City
KS · Bank
The First National Bank of Sonora
TX · Bank
The First National Bank of Sparta
IL · Bank
The First National Bank of Spearville
KS · Bank
The First National Bank of Stanton
TX · Bank
The First National Bank of Sterling City
TX · Bank
The First National Bank of St. Ignace
MI · Bank
The First National Bank of Sycamore
OH · Bank
The First National Bank of Tom Bean
TX · Bank
The First National Bank of Trinity
TX · Bank
The First National Bank of Wakefield
MI · Bank
The First National Bank of Waverly
OH · Bank
The First National Bank of Waynesboro
GA · Bank
The First National Bank of Williamson
WV · Bank
The First National Bank of Winnsboro
TX · Bank
The First National Bank & Trust
OK · Bank
The First Security Bank
OK · 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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