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
W B H EMPLOYEES
KY · Credit union
W B R T
LA · Credit union
WCF Financial Bank
IA · Bank
WCG EMPLOYEES
TN · Credit union
WCLA
WA · Credit union
WCU CREDIT UNION
AL · Credit union
WEA
WI · Credit union
WEATHERHEAD C C
IN · Credit union
WebBank
UT · Bank
WEBSTER FIRST
MA · Credit union
Webster Five Cents Savings Bank
MA · Bank
WEDEVELOPMENT
MO · Credit union
WEE
WV · Credit union
WE FLORIDA FINANCIAL
FL · Credit union
Welch State Bank of Welch, Okla.
OK · Bank
WELCOME
NC · Credit union
Welcome State Bank
MN · Bank
WELD COMMUNITY
CO · Credit union
Wellington State Bank
TX · Bank
Wells Fargo Bank, National Association
SD · Bank
Wells Fargo Bank South Central, National Association
TX · Bank
Wells Fargo National Bank West
NV · Bank
WELLSPRING
TX · Credit union
Wells River Savings Bank
VT · Bank
Wellworth Bank
TN · Bank
WEOKIE
OK · Credit union
WEPCO
MD · Credit union
WES
OH · Credit union
WesBanco Bank, Inc.
WV · Bank
WESCOM CENTRAL
CA · Credit union
WESLA
LA · Credit union
WESTACRES
MI · Credit union
WEST-AIRCOMM
PA · Credit union
West Alabama Bank & Trust
AL · Bank
Westamerica Bank
CA · Bank
West Bank
IA · Bank
WEST BRANCH VALLEY
PA · Credit union
Westbury Bank
WI · Bank
WESTBY CO-OP
WI · Credit union
West Central Bank
IL · Bank
West Central Georgia Bank
GA · Bank
WESTCHESTER SCHOOLS'
NY · Credit union
West Coast Community Bank
CA · Bank
WEST COMMUNITY
MO · Credit union
WESTCONSIN
WI · Credit union
WESTEDGE
WA · Credit union
WESTERLY COMMUNITY
RI · Credit union
Western Alliance Bank
AZ · Bank
Western Bank
TX · Bank
Western Bank
NM · 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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