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
TRENTON NJ FIREMEN
NJ · Credit union
TRENTON TEACHERS
NJ · Credit union
Triad Bank
MO · Bank
Triad Bank, National Association
OK · Bank
Triad Business Bank
NC · Bank
TRIANGLE
MS · Credit union
TRIANGLE
NH · Credit union
TRIBE
MN · Credit union
TRI BORO
PA · Credit union
TRIBORO POSTAL
NY · Credit union
TriCentury Bank
KS · Bank
TRI-CITIES
MI · Credit union
TRI-CITIES COMMUNITY
WA · Credit union
Tri City National Bank
WI · Bank
Tri Counties Bank
CA · Bank
TRI-COUNTY
NY · Credit union
TRI-COUNTY
WI · Credit union
TRI-COUNTY
KS · Credit union
TRICOUNTY
MT · Credit union
TRI COUNTY AREA
PA · Credit union
Tri-County Bank
MI · Bank
Tri-County Bank & Trust Company
IN · Bank
TRI-LAKES
NY · Credit union
Trinity Bank, N.A.
TX · Bank
TRINITY BAPTIST CHURCH
SC · Credit union
Trinity Capital Bank of Texas
TX · Bank
TRINITY U.C.C.
IL · Credit union
TRINITY VALLEY TEACHERS
TX · Credit union
TriStar Bank
TN · Bank
TriState Capital Bank
PA · Bank
TRI STATE RAIL
PA · Credit union
Triumph State Bank
MN · Bank
TRIUS
NE · Credit union
Tri-Valley Bank
IA · Bank
TRONA VALLEY COMMUNITY
WY · Credit union
TROPICAL FINANCIAL
FL · Credit union
TROY
NY · Credit union
Troy Bank & Trust Company
AL · Bank
TRU
SC · Credit union
TruBank
IA · Bank
TRUCHOICE
ME · Credit union
TruCommunity Bank
ND · Bank
TRUE COMMUNITY
MI · Credit union
TRUECORE
OH · Credit union
TRUENERGY
VA · Credit union
TRUE NORTH
AK · Credit union
TRUE SKY
OK · Credit union
TRU FI
FL · Credit union
TRUGROCER
ID · Credit union
Truist Bank
NC · 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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