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
THORNAPPLE
MI · Credit union
T H P
IN · Credit union
Thread Bank
TN · Bank
THREE RIVERS
IN · Credit union
Three Rivers Bank of Montana
MT · Bank
THRIVE
IN · Credit union
Thrivent Bank
UT · Bank
Thrivent Trust Company
WI · Bank
Thumb Bank and Trust
MI · Bank
TIB National Association
TX · Bank
TIDEMARK
DE · Credit union
TIMBERLAND
PA · Credit union
Timberland Bank
WA · Bank
TIMBERLINE
AR · Credit union
Timberline Bank
CO · Bank
Time Bank
IL · Bank
TINKER
OK · Credit union
Tioga State Bank National Association
NY · Bank
TIPPECANOE
IN · Credit union
TITAN
PA · Credit union
Titan Bank, N.A.
TX · Bank
TLC COMMUNITY
MI · Credit union
TLCU FINANCIAL
IN · Credit union
T M H
FL · Credit union
TNBANK
TN · Bank
TNCONNECT
TN · Credit union
TOBACCO VALLEY TEACHERS
CT · Credit union
Today's Bank
AR · Bank
TOGETHER
MO · Credit union
TOLEDO FIRE FIGHTERS
OH · Credit union
TOLEDO METRO
OH · Credit union
TOLEDO POLICE
OH · Credit union
TOLEDO URBAN
OH · Credit union
Tolleson Private Bank
TX · Bank
TOMAH AREA
WI · Credit union
TOMBIGBEE
MS · Credit union
Tompkins Community Bank
NY · Bank
TOMPKINS EMPLOYEES
NY · Credit union
Tompkins State Bank
IL · Bank
TONAWANDA COMMUNITY
NY · Credit union
TONAWANDA VALLEY
NY · Credit union
TONGASS
AK · Credit union
TOPEKA FIREMEN'S
KS · Credit union
TOPEKA POLICE
KS · Credit union
TOPLINE FINANCIAL
MN · Credit union
TOPMARK
OH · Credit union
TOPSIDE
VA · Credit union
TOP TIER
PA · Credit union
TORO EMPLOYEES
MN · Credit union
TORRANCE COMMUNITY
CA · Credit union
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 →