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
Western Bank
NM · Bank
Western Commerce Bank
NM · Bank
WESTERN COOPERATIVE
ND · Credit union
Western Dakota Bank
SD · Bank
WESTERN DIVISION
NY · Credit union
WESTERN ILLINOIS SCHOOL EMPLOYEES
IL · Credit union
Western National Bank
NE · Bank
Western National Bank
MN · Bank
Western National Bank
MN · Bank
Western Nebraska Bank
NE · Bank
WESTERN NEW YORK
NY · Credit union
WESTERN PA
PA · Credit union
WESTERN SPRINGS
IL · Credit union
Western State Bank
ND · Bank
WESTERN SUN
OK · Credit union
WESTERN VISTA
WY · Credit union
WESTERRA
CO · Credit union
WESTEX
TX · Credit union
WESTEX COMMUNITY
TX · Credit union
Westfield Bank
MA · Bank
West Gate Bank
NE · Bank
WEST HUDSON TEACHERS
NJ · Credit union
West Iowa Bank
IA · Bank
WESTMARK
ID · Credit union
WEST METRO SCHOOLS
MN · Credit union
West Michigan Community Bank
MI · Bank
WEST MICHIGAN POSTAL SERVICE
MI · Credit union
WESTMINSTER
CO · Credit union
Westmoreland Federal Savings and Loan Association
PA · Bank
WESTMORELAND WATER
PA · Credit union
WEST PENN P&P
PA · Credit union
West Plains Bank and Trust Company
MO · Bank
West Plains Savings and Loan Association
MO · Bank
West Pointe Bank
WI · Bank
WESTPORT
MA · Credit union
WESTREET
OK · Credit union
West Shore Bank
MI · Bank
WEST SIDE BAPTIST CHURCH
MO · Credit union
WESTSIDE COMMUNITY
NY · Credit union
Westside State Bank
IA · Bank
WESTSTAR
NV · Credit union
WestStar Bank
TX · Bank
WEST TEXAS
TX · Credit union
West Texas National Bank
TX · Bank
West Texas State Bank
TX · Bank
West Union Bank
WV · Bank
West Valley National Bank
AZ · Bank
West View Savings Bank
PA · Bank
WEST VIRGINIA
WV · Credit union
WEST VIRGINIA CENTRAL
WV · 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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