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
UNIVERSITY
FL · Credit union
University Bank
MI · Bank
UNIVERSITY OF HAWAII
HI · Credit union
UNIVERSITY OF ILLINOIS COMMUNITY
IL · Credit union
UNIVERSITY OF KENTUCKY
KY · Credit union
UNIVERSITY OF LOUISIANA
LA · Credit union
UNIVERSITY OF MICHIGAN
MI · Credit union
UNIVERSITY OF NEBRASKA
NE · Credit union
UNIVERSITY OF PENNSYLVANIA STUDENTS
PA · Credit union
UNIVERSITY OF SOUTH ALABAMA
AL · Credit union
UNIVERSITY OF TOLEDO
OH · Credit union
UNIVERSITY OF VA COMMUNITY CU
VA · Credit union
UNIVERSITY OF WISCONSIN
WI · Credit union
Univest Bank and Trust Co.
PA · Bank
UNIWYO
WY · Credit union
UNO
LA · Credit union
UP
AR · Credit union
U.P. CONNECTION
NE · Credit union
U.P. EMPLOYEES
AR · Credit union
UPPER CUMBERLAND
TN · Credit union
UPPER DARBY BELLTELCO
PA · Credit union
Upper Peninsula State Bank
MI · Bank
U.P.S. EMPLOYEES
CA · Credit union
UPS EMPLOYEES
TN · Credit union
U.P. STATE
MI · Credit union
UPSTATE
SC · Credit union
UPSTATE MILK EMPLOYEES
NY · Credit union
UPSTATE TELCO
NY · Credit union
UPWARD
CA · Credit union
URBANA MUNICIPAL EMPLOYEES
IL · Credit union
URBAN BEGINNINGS CHOICE
IN · Credit union
URBAN EMPOWERMENT
NY · Credit union
URBAN UPBOUND
NY · Credit union
URE
PA · Credit union
URW COMMUNITY
VA · Credit union
U S #1364
IN · Credit union
USAA Federal Savings Bank
AZ · Bank
USALLIANCE
NY · Credit union
U.S. Bank National Association
OH · Bank
U.S.B. EMPLOYEES
CA · Credit union
USC
CA · Credit union
U. S. Century Bank
FL · Bank
US COMMUNITY
TN · Credit union
U.S. EAGLE
NM · Credit union
USEM MENA
AR · Credit union
U S EMPLOYEES
WV · Credit union
U. S. EMPLOYEES
TX · Credit union
U. S. EMPLOYEES O. C.
OK · Credit union
USF FEDERAL CREDIT UNION
FL · Credit union
U. S. I.
TX · 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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