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
VIDA
CA · Credit union
Vidalia Federal Savings Bank
GA · Bank
VIDOR TEACHERS
TX · Credit union
VIGO COUNTY
IN · Credit union
VIKING BANK, NATIONAL ASSOCIATION
MN · Bank
Village Bank
MN · Bank
Village Bank and Trust, National Association
IL · Bank
Villa Grove State Bank
IL · Bank
Vintage Bank Kansas
KS · Bank
VIRGINIA
VA · Credit union
VIRGINIA COOP
MN · Credit union
VIRGINIA EDUCATORS CREDIT UNION
VA · Credit union
Virginia National Bank
VA · Bank
VIRGINIA STATE UNIVERSITY
VA · Credit union
VIRGINIA UNITED METHODIST
VA · Credit union
VISIONARY
PA · Credit union
Vision Bank
OK · Bank
VisionBank
MN · Bank
VISIONBANK OF IOWA
IA · Bank
VISION FINANCIAL
NC · Credit union
VISION ONE
CA · Credit union
VISIONS
NY · Credit union
Vista National Bank & Trust
KS · Bank
VITELCO EMPLOYEES
VI · Credit union
VOCAL
MT · Credit union
VOLT
MO · Credit union
Volunteer Federal Savings Bank
TN · Bank
VOYAGE
SD · Credit union
VUE COMMUNITY
ND · Credit union
VULCRAFT EMPLOYEES
IN · Credit union
VYSTAR
FL · Credit union
WABELLCO
PA · Credit union
WACO
TX · Credit union
Wadena State Bank
MN · Bank
WaFd Bank
WA · Bank
Wahoo State Bank
NE · Bank
WAIALUA
HI · Credit union
WAILUKU
HI · Credit union
WAKEFERN
NJ · Credit union
WAKOTA
MN · Credit union
Walden Mutual Bank
NH · Bank
Walden Savings Bank
NY · Bank
Waldo State Bank
WI · Bank
WALKER COUNTY
TX · Credit union
WALKER COUNTY EDUCATORS
GA · Credit union
WALLED LAKE SCHOOLS
MI · Credit union
Wallis Bank
TX · Bank
Wallkill Valley Federal Savings and Loan Association
NY · Bank
Walpole Co-operative Bank
MA · Bank
Walters Bank and Trust Company
OK · 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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