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

8,430 matching institutions · Reviewed rules appear first

First National Bank & Trust Company

IL · Bank

Manual inputs required

First National Bank & Trust Company of McAlester

OK · Bank

Manual inputs required

First National Bank USA

LA · Bank

Manual inputs required

First National Community Bank

WI · Bank

Manual inputs required

First National Community Bank

GA · Bank

Manual inputs required

First Nations Bank

IL · Bank

Manual inputs required

First Naturalstate Bank

AR · Bank

Manual inputs required

FIRST NEBRASKA

NE · Credit union

Manual inputs required

First Nebraska Bank

NE · Bank

Manual inputs required

First Neighbor Bank, National Association

IL · Bank

Manual inputs required

First Neighborhood Bank

WV · Bank

Manual inputs required

FIRST NESHOBA

MS · Credit union

Manual inputs required

First New Mexico Bank

NM · Bank

Manual inputs required

First New Mexico Bank, Las Cruces

NM · Bank

Manual inputs required

First New Mexico Bank of Silver City

NM · Bank

Manual inputs required

FIRST NEW YORK

NY · Credit union

Manual inputs required

First Northeast Bank of Nebraska

NE · Bank

Manual inputs required

FIRST NORTHERN

IL · Credit union

Manual inputs required

First Northern Bank and Trust Company

PA · Bank

Manual inputs required

First Northern Bank of Dixon

CA · Bank

Manual inputs required

First Northern Bank of Wyoming

WY · Bank

Manual inputs required

FIRST NRV

VA · Credit union

Manual inputs required

FirstOak Bank

KS · Bank

Manual inputs required

FIRST OHIO COMMUNITY

OH · Credit union

Manual inputs required

First Oklahoma Bank

OK · Bank

Manual inputs required

First Option Bank

KS · Bank

Manual inputs required

FIRST PACE

MN · Credit union

Manual inputs required

First Pacific Bank

CA · Bank

Manual inputs required

First Palmetto Bank

SC · Bank

Manual inputs required

First Peoples Bank

GA · Bank

Manual inputs required

First & Peoples Bank and Trust Company

KY · Bank

Manual inputs required

First Peoples Bank of Tennessee

TN · Bank

Manual inputs required

FIRST PEOPLES COMMUNITY

MD · Credit union

Manual inputs required

First Piedmont Federal Savings and Loan Association of Gaffney

SC · Bank

Manual inputs required

First Pioneer National Bank

CO · Bank

Manual inputs required

FIRST PIONEERS

LA · Credit union

Manual inputs required

FIRST POINT

NJ · Credit union

Manual inputs required

First Port City Bank

GA · Bank

Manual inputs required

First PREMIER Bank

SD · Bank

Manual inputs required

FIRST PRIORITY

WV · Credit union

Manual inputs required

FIRST PRIORITY

MA · Credit union

Manual inputs required

FIRST PRIORITY

TX · Credit union

Manual inputs required

First Progressive Bank

AL · Bank

Manual inputs required

First Pryority Bank

OK · Bank

Manual inputs required

First Reliance Bank

SC · Bank

Manual inputs required

First Resource Bank

PA · Bank

Manual inputs required

First Resource Bank

MN · Bank

Manual inputs required

First Robinson Savings Bank, National Association

IL · Bank

Manual inputs required

Firstrust Savings Bank

PA · Bank

Manual inputs required

First Savings and Loan Association

NC · Bank

Manual inputs required

What would closing your CD cost?

FREE · NO SIGN-IN

Estimate 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.

Enter the terms from your disclosure

This manual model supports simple days/months of interest or all interest earned. Percentage fees, tiered formulas, special minimums, and exceptions need an institution quote.

Penalty formulaPenalty daysInterest year basisCan the penalty reduce principal?

CD principal ($)Contractual annual interest rate (%)Use the interest rate on your CD agreement, not the advertised APY.Interest still on deposit and payable ($)Exclude interest already paid out. Use your institution’s current figure.

Compare holding this CD with reinvesting the proceeds until the same maturity date.I checked that these terms apply to my product, original term, and deposit date. This is a full withdrawal before maturity, outside any special withdrawal window. Any early-holding-period minimum has been accounted for.

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.

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Open the free organizer →

Find the terms.See the dollar cost.

Find your institution

First National Bank & Trust Company

First National Bank & Trust Company of McAlester

First National Bank USA

First National Community Bank

First National Community Bank

First Nations Bank

First Naturalstate Bank

FIRST NEBRASKA

First Nebraska Bank

First Neighbor Bank, National Association

First Neighborhood Bank

FIRST NESHOBA

First New Mexico Bank

First New Mexico Bank, Las Cruces

First New Mexico Bank of Silver City

FIRST NEW YORK

First Northeast Bank of Nebraska

FIRST NORTHERN

First Northern Bank and Trust Company

First Northern Bank of Dixon

First Northern Bank of Wyoming

FIRST NRV

FirstOak Bank

FIRST OHIO COMMUNITY

First Oklahoma Bank

First Option Bank

FIRST PACE

First Pacific Bank

First Palmetto Bank

First Peoples Bank

First & Peoples Bank and Trust Company

First Peoples Bank of Tennessee

FIRST PEOPLES COMMUNITY

First Piedmont Federal Savings and Loan Association of Gaffney

First Pioneer National Bank

FIRST PIONEERS

FIRST POINT

First Port City Bank

First PREMIER Bank

FIRST PRIORITY

FIRST PRIORITY

FIRST PRIORITY

First Progressive Bank

First Pryority Bank

First Reliance Bank

First Resource Bank

First Resource Bank

First Robinson Savings Bank, National Association

Firstrust Savings Bank

First Savings and Loan Association

What would closing your CD cost?

Should you break a CD for a higher rate?

An illustrative $10,000 CD

Why your exact product matters

Don’t miss the next maturity.

Find the terms.
See the dollar cost.