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
TRUITY
OK · Credit union
TRULIANT
NC · Credit union
TRUMARK FINANCIAL
PA · Credit union
TRUMBULL
CT · Credit union
TRUNORTH
MI · Credit union
TRUNORTHERN
NY · Credit union
TruPoint Bank
VA · Bank
TRUSERVICE COMMUNITY
AR · Credit union
TRUST
TN · Credit union
TRUSTAR
MN · Credit union
Trustar Bank
VA · Bank
TrustBank
IL · Bank
TrustCo Bank
NY · Bank
Trustmark Bank
MS · Bank
TRUSTONE FINANCIAL
MN · Credit union
TrustTexas Bank, SSB
TX · Bank
TRUWEST
AZ · Credit union
Truxton Trust Company
TN · Bank
TS Bank
IA · Bank
TTCU
OK · Credit union
TUCOEMAS
CA · Credit union
TUCSON
AZ · Credit union
Tucumcari Federal Savings and Loan Association
NM · Bank
TULANE/LOYOLA
LA · Credit union
TULARE COUNTY
CA · Credit union
Turtle Mountain State Bank
ND · Bank
TUSCALOOSA V A
AL · Credit union
TUSKEGEE
AL · Credit union
Tustin Community Bank
CA · Bank
TVA COMMUNITY CREDIT UNION
AL · Credit union
TVA MID-SOUTH
TN · Credit union
TVH
AL · Credit union
Twin Cedars Bank
IA · Bank
Twin City Bank
WA · Bank
TWIN OAKS
WV · Credit union
Twin River Bank
ID · Bank
TWIN RIVERS
NY · Credit union
TWO HARBORS
MN · Credit union
TWO RIVERS
AR · Credit union
TXDOT
TX · Credit union
TXN Bank
TX · Bank
TYLER CITY EMPLOYEES
TX · Credit union
TYNDALL
FL · Credit union
U-1ST COMMUNITY
NM · Credit union
U.A.L.U. 354
PA · Credit union
UARK
AR · Credit union
UBank
TN · Bank
UBank
TX · Bank
U B C SOUTHERN COUNCIL INDUSTRIA WO
LA · Credit union
UBS Bank USA
UT · 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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