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
Union State Bank
AL · Bank
Union State Bank
IA · Bank
Union State Bank
WI · Bank
Union State Bank
IA · Bank
Union State Bank
KS · Bank
Union State Bank
KS · Bank
Union State Bank
KS · Bank
Union State Bank of Hazen
ND · Bank
UNION TRADES
WV · Credit union
UNION YES
CA · Credit union
UNISON
WI · Credit union
Unison Bank
ND · Bank
UNITE
IA · Credit union
UNITED
MI · Credit union
UNITED
MO · Credit union
UNITED
TX · Credit union
UNITED ASSOCIATION
CA · Credit union
United Bank
AL · Bank
United Bank
GA · Bank
United Bank
VA · Bank
United Bank
AR · Bank
United Bank and Trust Company
IA · Bank
United Bankers' Bank
MN · Bank
United Bank of Iowa
IA · Bank
United Bank of Michigan
MI · Bank
United Bank of Philadelphia
PA · Bank
United Bank of Union
MO · Bank
United Bank & Trust
KS · Bank
United Bank & Trust Co.
IA · Bank
UNITED BAY COMMUNITY
MI · Credit union
United Business Bank
CA · Bank
UNITED BUSINESS & INDUSTRY
CT · Credit union
UNITED CATHOLICS
CA · Credit union
UNITED CHURCHES
MI · Credit union
United Citizens Bank of Southern Kentucky
KY · Bank
United Citizens Bank & Trust Company
KY · Bank
UNITED COMMUNITY
PA · Credit union
UNITED COMMUNITY
IL · Credit union
UNITED COMMUNITY
TX · Credit union
United Community Bank
MN · Bank
United Community Bank
IA · Bank
United Community Bank
SC · Bank
United Community Bank
LA · Bank
United Community Bank
IL · Bank
United Community Bank of West Kentucky, Inc.
KY · Bank
UNITED CONSUMERS
MO · Credit union
United Cumberland Bank
KY · Bank
UNITED EMPLOYEES
MN · Credit union
UNITED ENERGY
TX · Credit union
United Farmers State Bank
MN · 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 →