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
VALLEY WIDE
UT · Credit union
Valliance Bank
OK · Bank
VALOR BANK
OK · Bank
ValueBank Texas
TX · Bank
VALWOOD PARK
TX · Credit union
VAN CORTLANDT COOPERATIVE
NY · Credit union
VANDERBILT
TN · Credit union
VANTAGE
MO · Credit union
Vantage Bank
MN · Bank
Vantage Bank Texas
TX · Bank
VANTAGE POINT
VA · Credit union
VANTAGE TRUST
PA · Credit union
VANTAGE WEST
AZ · Credit union
VA PITTSBURGH EMPLOYEES
PA · Credit union
VAPR
PR · Credit union
VAREX
UT · Credit union
Varo Bank, National Association
UT · Bank
VASCO
PA · Credit union
Vast Bank, National Association
OK · Bank
VATAT
TX · Credit union
VELMA
OK · Credit union
VELOCITY
TX · Credit union
VELOCITY COMMUNITY
FL · Credit union
VENTURA COUNTY
CA · Credit union
VeraBank, National Association
TX · Bank
Vergas State Bank
MN · Bank
VERIDIAN
IA · Credit union
Verimore Bank
MO · Bank
VERITAS
TN · Credit union
VERITY
WA · Credit union
Vermilion Bank & Trust Company
LA · Bank
VERMILION EMPLOYEES
LA · Credit union
Vermilion Valley Bank
IL · Bank
Vermillion State Bank
MN · Bank
VERMONT
VT · Credit union
Vermont State Bank
IL · Bank
VersaBank USA National Association
MN · Bank
Versailles Savings and Loan Company
OH · Bank
Verus Bank of Commerce
CO · Bank
VERVE, A CREDIT UNION
WI · Credit union
VIA CREDIT UNION
IN · Credit union
VIBE
MI · Credit union
VIBRANT
IL · Credit union
VICINITY
IL · Credit union
VICKSBURG RAILROAD
MS · Credit union
VICKSWOOD
MS · Credit union
VICTORIA
TX · Credit union
VICTORIA CITY-COUNTY EMPLOYEES
TX · Credit union
VICTORIA TEACHERS
TX · Credit union
Victory Bank
TX · 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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