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 Security Bank
KS · Bank
The First State Bank
OK · Bank
The First State Bank
KS · Bank
The First State Bank
KS · Bank
The First State Bank
TX · Bank
The First State Bank
TX · Bank
The First State Bank of Dongola
IL · Bank
The First State Bank of Healy
KS · Bank
The First State Bank of Malta
MT · Bank
The First State Bank of Pond Creek, Oklahoma
OK · Bank
The First State Bank of Ransom
KS · Bank
The First State Bank of Red Wing
MN · Bank
The First State Bank of Rosemount
MN · Bank
The First State Bank of Shelby
MT · Bank
The First Trust and Savings Bank of Watseka, Illinois
IL · Bank
The Fisher National Bank
IL · Bank
THE FLORIST
NM · Credit union
The FNB Community Bank
IL · Bank
THE FOCUS
OK · Credit union
The Fort Jennings State Bank
OH · Bank
The Fountain Trust Company
IN · Bank
The Four County Bank
GA · Bank
The Freedom Bank of Virginia
VA · Bank
The Friendship State Bank
IN · Bank
The Garrett State Bank
IN · Bank
The Genoa Banking Company
OH · Bank
The Geo. D. Warthen Bank
GA · Bank
The Gerber State Bank
IL · Bank
The Glen Burnie Mutual Savings Bank
MD · Bank
THE GOLDEN 1
CA · Credit union
The Goose River Bank
ND · Bank
The Granger National Bank
TX · Bank
The Grant County Bank
WV · Bank
The Granville National Bank
IL · Bank
The Gunnison Bank and Trust Company
CO · Bank
The Hamilton Bank
MO · Bank
The Hamler State Bank
OH · Bank
The Harbor Bank of Maryland
MD · Bank
The Hardin County Bank
TN · Bank
The Harrison Building and Loan Association
OH · Bank
The Harrison County Bank
WV · Bank
The Harvard State Bank
IL · Bank
The Havana National Bank
IL · Bank
The Haverford Trust Company
PA · Bank
THE HEALTH & EDUCATION
KY · Credit union
THE HEART CENTER
NY · Credit union
The Hicksville Bank
OH · Bank
The Hocking Valley Bank
OH · Bank
THE HOME LOAN SAVINGS BANK
OH · Bank
The Home National Bank of Thorntown
IN · 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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