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
WINTHROP AREA
ME · Credit union
Wintrust Bank, National Association
IL · Bank
WISCONSIN LATVIAN, INC.
WI · Credit union
WISCONSIN MEDICAL
WI · Credit union
WMCU
MI · Credit union
WNB FINANCIAL, N.A.
MN · Bank
WNC COMMUNITY CU
NC · Credit union
WOLF POINT
MT · Credit union
Wolf River Community Bank
WI · Bank
WOLVERINE STATE
MI · Credit union
Woodford State Bank
WI · Bank
Woodforest National Bank
TX · Bank
Wood & Huston Bank
MO · Bank
Woodland Bank
MN · Bank
Woodlands Bank
PA · Bank
Woodlands National Bank
MN · Bank
WOODMEN
NE · Credit union
Woodruff Federal Savings and Loan Association
SC · Bank
Woodsboro Bank
MD · Bank
Woodsfield Savings Bank
OH · Bank
WOODTRUST BANK
WI · Bank
Woori America Bank
NY · Bank
WORCESTER
MA · Credit union
WORCESTER FIRE DEPT.
MA · Credit union
WORCESTER POLICE DEPARTMENT
MA · Credit union
WORKERS
MA · Credit union
WORKMEN'S CIRCLE INCORPORATED
GA · Credit union
Worthington Bank
TX · Bank
Worthington Federal Savings Bank, FSB
MN · Bank
Wray State Bank
CO · Bank
Wrentham Co-operative Bank
MA · Bank
WRIGHT PATMAN CONGRESSIONAL
DC · Credit union
WRIGHT-PATT CREDIT UNION, INC.
OH · Credit union
WSB Municipal Bank
NY · Bank
W S S C
MD · Credit union
W T COMMUNITY
OH · Credit union
W T N M ATLANTIC
TX · Credit union
W. VIRGINIA STATE CONVENTION
WV · Credit union
WV NATIONAL GUARD
WV · Credit union
WVU EMPLOYEES
WV · Credit union
WYHY
WY · Credit union
WYMAR
LA · Credit union
Wyoming Community Bank
WY · Bank
WYOMING VALLEY EDUCATIONAL EMPL
PA · Credit union
WYROPE WILLIAMSPORT
PA · Credit union
XAVIER UNIVERSITY
LA · Credit union
XCEL
NJ · Credit union
XPLORE
LA · Credit union
Y-12
TN · Credit union
Yakima Federal Savings and Loan Association
WA · 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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