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
WALTON COUNTY TEACHERS
FL · Credit union
WARE COUNTY SCHOOL EMPLOYEES
GA · Credit union
Warren Bank and Trust Company
AR · Bank
Warren-Boynton State Bank
IL · Bank
WARREN MUNICIPAL
MI · Credit union
Warsaw Federal Savings and Loan Association
OH · Bank
WASATCH PEAKS
UT · Credit union
WASHINGTON AREA TEACHERS
PA · Credit union
Washington County Bank
NE · Bank
WASHINGTON COUNTY TEACHERS
MD · Credit union
WASHINGTON EDUCATIONAL ASSOC
LA · Credit union
Washington Financial Bank
PA · Bank
Washington Savings Bank
IL · Bank
Washington Savings Bank
MA · Bank
Washington State Bank
IA · Bank
Washington State Bank
LA · Bank
Washington State Bank
IL · Bank
WASHINGTON STATE EMPLOYEES
WA · Credit union
Washington Trust Bank
WA · Bank
Washita State Bank
OK · Bank
Washita Valley Bank
OK · Bank
WATER AND POWER COMMUNITY
CA · Credit union
WATERBURY CONNECTICUT TEACHERS
CT · Credit union
WATERBURY POSTAL EMPLOYEES
CT · Credit union
Waterfall Bank
FL · Bank
Waterford Bank, N.A.
OH · Bank
WATERFRONT
WA · Credit union
WATERLOO FIREMEN'S
IA · Credit union
Waterman Bank
IL · Bank
Watermark Bank
OK · Bank
WATER'S EDGE
MS · Credit union
WaterStone Bank, SSB
WI · Bank
WATERTOWN MUNICIPAL
MA · Credit union
WATERTOWN POSTAL
NY · Credit union
Watertown Savings Bank
NY · Bank
Watertown Savings Bank
MA · Bank
Waukesha State Bank
WI · Bank
Waukon State Bank
IA · Bank
Waumandee State Bank
WI · Bank
WAUNA
OR · Credit union
WAVE
RI · Credit union
Waycross Bank & Trust
GA · Bank
WAYLAND TEMPLE BAPTIST
PA · Credit union
Wayne Bank
PA · Bank
Wayne Bank and Trust Co.
IN · Bank
WAYNE COUNTY
IN · Credit union
Wayne County Bank
TN · Bank
WAYNE COUNTY COMMUNITY
OH · Credit union
WAYNE-WESTLAND
MI · Credit union
Waypoint Bank
NE · 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.
Don’t miss the next maturity.
Save holdings in your free TFS account and export calendar reminders. No bank connection or paid subscription.
Open the free organizer →