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
United Fidelity Bank, fsb
IN · Bank
UNITED FINANCIAL
MI · Credit union
UNITED HERITAGE
TX · Credit union
UNITED HOSPITAL CENTER
WV · Credit union
UNITED LABOR
MO · Credit union
UNITED LOCAL
CA · Credit union
UNITED MEMBERS
OK · Credit union
United Midwest Savings Bank, National Association
OH · Bank
United Minnesota Bank
MN · Bank
United Mississippi Bank
MS · Bank
United National Bank
GA · Bank
UNITED NATIONS
NY · Credit union
UNITED NEIGHBORHOOD
GA · Credit union
UNITED NORTHWEST
KS · Credit union
UNITEDONE
WI · Credit union
United Orient Bank
NY · Bank
United Pacific Bank
CA · Bank
UNITED POLES
NJ · Credit union
United Prairie Bank
MN · Bank
United Republic Bank
NE · Bank
United Roosevelt Savings Bank
NJ · Bank
UNITED SAVINGS
ND · Credit union
United Savings Bank
PA · Bank
United Security Bank
MO · Bank
UNITED SOUTHEAST
TN · Credit union
United Southern Bank
KY · Bank
United Southern Bank
FL · Bank
United State Bank
MO · Bank
UNITED STATES SENATE
VA · Credit union
UNITED TELETECH FINANCIAL
NJ · Credit union
United Texas Bank
TX · Bank
UNITED TRADES
OR · Credit union
United Trust Bank
IL · Bank
United Valley Bank
ND · Bank
UNITUS COMMUNITY
OR · Credit union
Unity Bank
WI · Bank
Unity Bank
NJ · Bank
Unity Bank of Mississippi
MS · Bank
UNITY CATHOLIC
OH · Credit union
Unity National Bank of Houston
TX · Bank
UNITY OF EATONVILLE
FL · Credit union
UNITY ONE
TX · Credit union
UNIVERSAL
WV · Credit union
UNIVERSAL 1
OH · Credit union
Universal Bank
CA · Bank
UNIVERSAL CITY STUDIOS
CA · Credit union
UNIVERSITY
TX · Credit union
UNIVERSITY
ND · Credit union
UNIVERSITY
ME · Credit union
UNIVERSITY
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.
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