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
WEX Bank
UT · Bank
WEXFORD COMMUNITY
MI · Credit union
WEYCO COMMUNITY
NC · Credit union
WHARTON COUNTY TEACHERS
TX · Credit union
WHATCOM EDUCATIONAL
WA · Credit union
WHEATLAND
PA · Credit union
Wheaton Bank & Trust, National Association
IL · Bank
WHEAT STATE
KS · Credit union
WHEELHOUSE
CA · Credit union
Whitaker Bank
KY · Bank
WHITE COUNTY
AR · Credit union
WHITE EAGLE
KS · Credit union
WHITEFISH CREDIT UNION ASSOCIATION
MT · Credit union
WHITE PLAINS P O EMPLOYEES
NY · Credit union
WHITE RIVER
WA · Credit union
WHITE ROSE
PA · Credit union
WHITE SANDS
NM · Credit union
White State Bank
IA · Bank
WHITESVILLE COMMUNITY
KY · Credit union
Whitesville State Bank
WV · Bank
WHITEWATER COMMUNITY
OH · Credit union
WHITING REFINERY
IN · Credit union
WICHITA
KS · Credit union
WICHITA FALLS
TX · Credit union
WICHITA FALLS TEACHERS
TX · Credit union
WIDGET
PA · Credit union
WILDFIRE
MI · Credit union
Willamette Valley Bank
OR · Bank
WILLIAMSON COUNTY CATHOLIC
IL · Credit union
WILLIAMSPORT TEACHERS
PA · Credit union
Williamstown Bank, Inc.
WV · Bank
WILLIAMSVILLE
NY · Credit union
Williamsville State Bank & Trust
IL · Bank
WILLIS KNIGHTON
LA · Credit union
WILLOW ISLAND
WV · Credit union
WILMINGTON POLICE & FIRE
DE · Credit union
Wilmington Savings Fund Society, FSB
DE · Bank
Wilmington Trust, National Association
DE · Bank
Wilson Bank and Trust
TN · Bank
Wilson & Muir Bank & Trust Company
KY · Bank
Winchester Co-operative Bank
MA · Bank
Winchester Savings Bank
MA · Bank
Windsor Federal Bank
CT · Bank
WINDTHORST
TX · Credit union
WINNEBAGO COMMUNITY
WI · Credit union
Winnsboro State Bank & Trust Company
LA · Bank
WINSLOW SANTA FE
AZ · Credit union
WINSLOW SCHOOL EMPLOYEES
AZ · Credit union
WINSOUTH
AL · Credit union
Winter Hill Bank, FSB
MA · 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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