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 Peoples Community Bank
WI · Bank
The Peoples National Bank of Checotah
OK · Bank
The Peoples Savings and Loan Company
OH · Bank
The Peoples Savings Bank
OH · Bank
The Peoples Savings Bank
OH · Bank
The Peoples State Bank
IN · Bank
The Peoples State Bank
KS · Bank
The Peoples State Bank of Newton, Illinois
IL · Bank
The Perryton National Bank
TX · Bank
The Peshtigo National Bank
WI · Bank
The Philadelphia Trust Company
PA · Bank
The Pineries Bank
WI · Bank
The Pioneer Savings Bank
OH · Bank
The Pitney Bowes Bank, Inc.
UT · Bank
The Pittsfield Co-operative Bank
MA · Bank
The Pleasants County Bank
WV · Bank
The Poca Valley Bank, Inc.
WV · Bank
THE POLICE
CA · Credit union
The Portage County Bank
WI · Bank
The Port Austin State Bank
MI · Bank
The Port Washington State Bank
WI · Bank
The Putnam County National Bank of Carmel
NY · Bank
The Queenstown Bank of Maryland
MD · Bank
The Richwood Banking Company
OH · Bank
The Riddell National Bank
IN · Bank
The Riley State Bank of Riley, Kansas
KS · Bank
The Sacramento Deposit Bank
KY · Bank
The Salyersville National Bank
KY · Bank
The Samson Banking Company, Inc.
AL · Bank
The Savings Bank
OH · Bank
The Savings Bank
MA · Bank
The Security National Bank of Enid
OK · Bank
The Security National Bank of Sioux City, Iowa
IA · Bank
The Security State Bank
KS · Bank
The Security State Bank
SD · Bank
The Security State Bank
GA · Bank
THE SEILING STATE BANK
OK · Bank
The Settlers Bank
OH · Bank
The Seymour Bank
MO · Bank
The Shelby County State Bank
IA · Bank
The Shelby State Bank
MI · Bank
The Sherwood State Bank
OH · Bank
The Solomon State Bank
KS · Bank
THE SOUTHERN
GA · Credit union
The Southern Bank Company
AL · Bank
THE STATE
WV · Credit union
The State Bank
IA · Bank
The State Bank and Trust Company
OH · Bank
The State Bank of Bern
KS · Bank
The State Bank of Canton, Canton, Kansas
KS · 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 →