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
UFCW COMMUNITY
PA · Credit union
U F C W LOCAL 1776
PA · Credit union
U.F.C.W. LOCAL 23
PA · Credit union
UFIRST
NY · Credit union
U-HAUL
AZ · Credit union
U. H. S. EMPLOYEES
NY · Credit union
Uinta Bank
WY · Bank
UINTAH
UT · Credit union
UKRAINIAN
NY · Credit union
UKRAINIAN NATIONAL
NY · Credit union
UKRAINIAN SELFRELIANCE MICHIGAN
MI · Credit union
UKRAINIAN SELFRELIANCE OF WEST. PA.
PA · Credit union
ULSTER
NY · Credit union
Ulster Savings Bank
NY · Bank
Ultima Bank Minnesota
MN · Bank
UMASSFIVE COLLEGE
MA · Credit union
UMATILLA COUNTY
OR · Credit union
UMB Bank, National Association
MO · Bank
UME
CA · Credit union
UNB Bank
PA · Bank
UNCLE
CA · Credit union
UniBank
WA · Bank
UniBank for Savings
MA · Bank
UNICO Bank
MO · Bank
Unified Bank
OH · Bank
UNIFIED HOMEOWNERS OF ILLINOIS
IL · Credit union
UNION
LA · Credit union
Union Bank
TN · Bank
Union Bank
VT · Bank
Union Bank
AR · Bank
Union Bank
MI · Bank
Union Bank and Trust Company
NE · Bank
Union Bank and Trust Company
MN · Bank
Union Bank & Trust Company
AR · Bank
Union Bank & Trust Company
TN · Bank
UNION BAPTIST GREENBURGH
NY · Credit union
UNION BUILDING TRADES
NJ · Credit union
UNION COUNTY EMPLOYEES
NJ · Credit union
Union County Savings Bank
NJ · Bank
Union Federal Savings and Loan Association
IL · Bank
UNION FIDELITY
TX · Credit union
Union National Bank and Trust Company of Elgin
IL · Bank
UNION PACIFIC EMPLOYEES
TX · Credit union
UNION PACIFIC STREAMLINER
NE · Credit union
Union Savings and Loan Association
IN · Bank
Union Savings Bank
CT · Bank
Union Savings Bank
IL · Bank
Union Savings Bank
OH · Bank
UNION SQUARE
TX · Credit union
Union State Bank
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.
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