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 Murray Bank
KY · Bank
The Napoleon State Bank
IN · Bank
The National Bank of Adams County of West Union
OH · Bank
The National Bank of Andrews
TX · Bank
The National Bank of Blacksburg
VA · Bank
The National Bank of Indianapolis
IN · Bank
The National Bank of Malvern
PA · Bank
The National Bank of Middlebury
VT · Bank
The National Capital Bank of Washington
DC · Bank
The National Grand Bank of Marblehead
MA · Bank
The National Iron Bank
CT · Bank
The Neffs National Bank
PA · Bank
THE NEW HAVEN POLICE AND MUNICIPAL
CT · Credit union
THE NEW ORLEANS FIREMEN'S
LA · Credit union
The New Washington State Bank
IN · Bank
The Nodaway Valley Bank
MO · Bank
The North Country Savings Bank
NY · Bank
The Northern State Bank of Gonvick
MN · Bank
The Northern Trust Company
IL · Bank
The North Salem State Bank
IN · Bank
The North Side Bank and Trust Company
OH · Bank
The Ohio Valley Bank Company
OH · Bank
The Old Exchange National Bank of Okawville
IL · Bank
The Old Fort Banking Company
OH · Bank
THE ONE
PA · Credit union
THEORY
OH · Credit union
The Ottoville Bank Company
OH · Bank
The Paducah Bank and Trust Company
KY · Bank
The Park Bank
WI · Bank
The Park National Bank
OH · Bank
The Pauls Valley National Bank
OK · Bank
The Payne County Bank
OK · Bank
The Pecos County State Bank
TX · Bank
The Pennsville National Bank
NJ · Bank
THE PEOPLE'S
TX · Credit union
THE PEOPLES
RI · Credit union
The Peoples Bank
OH · Bank
The Peoples Bank
KS · Bank
The Peoples Bank
KY · Bank
The Peoples Bank
IN · Bank
The Peoples Bank
TN · Bank
The Peoples Bank
AR · Bank
The Peoples Bank
MS · Bank
The Peoples Bank
GA · Bank
The Peoples Bank
KY · Bank
The Peoples Bank
SC · Bank
The Peoples Bank
GA · Bank
The Peoples Bank, Biloxi, Mississippi
MS · Bank
The Peoples Bank Co.
OH · Bank
The Peoples Bank of Georgia
GA · 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.
Don’t miss the next maturity.
Save holdings in your free TFS account and export calendar reminders. No bank connection or paid subscription.
Open the free organizer →