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
US Metro Bank
CA · Bank
USNE PENITENTIARY EMPLOYEES
PA · Credit union
U S PIPE BESSEMER EMPLOYEES
AL · Credit union
U S P L K EMPLOYEES
KS · Credit union
U S POSTAL SERVICE
MD · Credit union
USSCO JOHNSTOWN
PA · Credit union
USX
PA · Credit union
U. T.
TN · Credit union
UTAH COMMUNITY
UT · Credit union
UTAH FIRST
UT · Credit union
UTAH HERITAGE
UT · Credit union
Utah Independent Bank
UT · Bank
UTAH POWER
UT · Credit union
UTICA DISTRICT TELEPHONE EMPLOYEES
NY · Credit union
UTICA GAS & ELECTRIC EMP
NY · Credit union
UTICA POLICE DEPARTMENT
NY · Credit union
UTILITIES EMPLOYEES
PA · Credit union
UTILITY DISTRICT
CA · Credit union
UTILITY EMPLOYEES
WA · Credit union
Uwharrie Bank
NC · Bank
VA BEACH POSTAL
VA · Credit union
VACATIONLAND
OH · Credit union
VA DESERT PACIFIC
CA · Credit union
VAH LYONS EMPLOYEES
NJ · Credit union
VA HOSPITAL
AR · Credit union
VALDOSTA TEACHERS
GA · Credit union
VALEX
LA · Credit union
VALLEY
TX · Credit union
VALLEY
AL · Credit union
VALLEY
OR · Credit union
VALLEY 1ST COMMUNITY
PA · Credit union
VALLEY AGRICULTURAL
CA · Credit union
Valley Bank of Commerce
NM · Bank
Valley Bank of Kalispell
MT · Bank
Valley Bank of Nevada
NV · Bank
Valley Bank of Ronan
MT · Bank
Valley Central Bank
OH · Bank
VALLEY COMMUNITIES
WI · Credit union
VALLEY EDUCATORS
CO · Credit union
VALLEY FINANCIAL
MT · Credit union
VALLEY FIRST
CA · Credit union
VALLEY ISLE COMMUNITY
HI · Credit union
Valley National Bank
NJ · Bank
VALLEY OAK
CA · Credit union
VALLEY ONE COMMUNITY
OH · Credit union
Valley Premier Bank
MN · Bank
VALLEY PRIDE
PA · Credit union
VALLEYSTAR
VA · Credit union
Valley State Bank
AL · Bank
VALLEY STRONG
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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