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 Home Savings and Loan Company of Kenton, Ohio, DBA HSLC
OH · Bank
The Hometown Bank of Alabama
AL · Bank
The Hometown Savings Bank
IN · Bank
The Home Trust & Savings Bank
IA · Bank
The Honesdale National Bank
PA · Bank
The Hopeton State Bank
OK · Bank
The Howard State Bank, Howard, Kansas
KS · Bank
The Huntington National Bank
OH · Bank
The Idabel National Bank
OK · Bank
THE INFIRMARY
AL · Credit union
The International Bank of Amherst
WI · Bank
The Iuka State Bank
IL · Bank
The Jacksboro National Bank
TX · Bank
The James Polk Stone Community Bank
NM · Bank
The Jefferson Bank
MS · Bank
The Juniata Valley Bank
PA · Bank
The Kansas State Bank
KS · Bank
The Kansas State Bank Overbrook Kansas
KS · Bank
The Karnes County National Bank of Karnes City
TX · Bank
The Killbuck Savings Bank Company
OH · Bank
The Lamesa National Bank
TX · Bank
The Lauderdale County Bank
TN · Bank
The Liberty National Bank in Paris
TX · Bank
The Liberty Savings Association, FSA
KS · Bank
The Libertyville Savings Bank
IA · Bank
The Lincoln National Bank of Hodgenville
KY · Bank
The Litchfield National Bank
IL · Bank
THE LOCAL
TX · Credit union
THE LOCAL
MI · Credit union
The Lowell Five Cent Savings Bank
MA · Bank
The Lyndon State Bank
KS · Bank
The Lyon County State Bank
KS · Bank
The Lyons National Bank
NY · Bank
The Lytle State Bank of Lytle, Texas
TX · Bank
The Malvern National Bank
AR · Bank
The Maries County Bank
MO · Bank
The Marion National Bank
KS · Bank
The Merchants & Citizens Bank
GA · Bank
The Merchants National Bank
OH · Bank
The Merchants & Planters Bank
AR · Bank
The Milford Bank
CT · Bank
The Millyard Bank
NH · Bank
The Miners National Bank of Eveleth
MN · Bank
The Miners State Bank
MI · Bank
The MINT National Bank
TX · Bank
The Missouri Bank
MO · Bank
The Monticello Banking Company
KY · Bank
The Moody National Bank
TX · Bank
THE MORNING STAR
MT · Credit union
The Mt. Victory State Bank
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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