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 State Bank

WI · Bank

Manual inputs required

First State Bank

IA · Bank

Manual inputs required

First State Bank

TX · Bank

Manual inputs required

First State Bank

ND · Bank

Manual inputs required

First State Bank

MS · Bank

Manual inputs required

First State Bank

IL · Bank

Manual inputs required

First State Bank

IA · Bank

Manual inputs required

First State Bank

NE · Bank

Manual inputs required

First State Bank

NM · Bank

Manual inputs required

First State Bank

TX · Bank

Manual inputs required

First State Bank

TX · Bank

Manual inputs required

First State Bank

FL · Bank

Manual inputs required

First State Bank

TX · Bank

Manual inputs required

First State Bank

TX · Bank

Manual inputs required

First State Bank

TX · Bank

Manual inputs required

First State Bank

GA · Bank

Manual inputs required

First State Bank

OK · Bank

Manual inputs required

First State Bank

OK · Bank

Manual inputs required

First State Bank

TX · Bank

Manual inputs required

First State Bank

IA · Bank

Manual inputs required

FirstState Bank

AL · Bank

Manual inputs required

First State Bank and Trust

MN · Bank

Manual inputs required

First State Bank and Trust

KS · Bank

Manual inputs required

First State Bank and Trust

IL · Bank

Manual inputs required

First State Bank and Trust Company

TX · Bank

Manual inputs required

First State Bank and Trust Company, Inc.

MO · Bank

Manual inputs required

First State Bank in Temple

OK · Bank

Manual inputs required

First State Bank Minnesota

MN · Bank

Manual inputs required

First State Bank Nebraska

NE · Bank

Manual inputs required

First State Bank of Bedias

TX · Bank

Manual inputs required

First State Bank of Beecher City

IL · Bank

Manual inputs required

First State Bank of Ben Wheeler, Texas

TX · Bank

Manual inputs required

First State Bank of Bigfork

MN · Bank

Manual inputs required

First State Bank of Blakely

GA · Bank

Manual inputs required

First State Bank of Brownsboro

TX · Bank

Manual inputs required

First State Bank of Burnet

TX · Bank

Manual inputs required

First State Bank of Campbell Hill

IL · Bank

Manual inputs required

First State Bank of DeKalb County

AL · Bank

Manual inputs required

First State Bank of DeQueen

AR · Bank

Manual inputs required

First State Bank of Forrest

IL · Bank

Manual inputs required

First State Bank of Forsyth

MT · Bank

Manual inputs required

First State Bank of Golva

ND · Bank

Manual inputs required

First State Bank of Harvey

ND · Bank

Manual inputs required

First State Bank of Le Center

MN · Bank

Manual inputs required

First State Bank of Livingston

TX · Bank

Manual inputs required

First State Bank of Michigan

MI · Bank

Manual inputs required

First State Bank of Middlebury

IN · Bank

Manual inputs required

First State Bank of Odem

TX · Bank

Manual inputs required

First State Bank of Olmsted

IL · Bank

Manual inputs required

First State Bank of Porter

IN · 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.

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Find the terms.See the dollar cost.

Find your institution

First State Bank

First State Bank

First State Bank

First State Bank

First State Bank

First State Bank

First State Bank

First State Bank

First State Bank

First State Bank

First State Bank

First State Bank

First State Bank

First State Bank

First State Bank

First State Bank

First State Bank

First State Bank

First State Bank

First State Bank

FirstState Bank

First State Bank and Trust

First State Bank and Trust

First State Bank and Trust

First State Bank and Trust Company

First State Bank and Trust Company, Inc.

First State Bank in Temple

First State Bank Minnesota

First State Bank Nebraska

First State Bank of Bedias

First State Bank of Beecher City

First State Bank of Ben Wheeler, Texas

First State Bank of Bigfork

First State Bank of Blakely

First State Bank of Brownsboro

First State Bank of Burnet

First State Bank of Campbell Hill

First State Bank of DeKalb County

First State Bank of DeQueen

First State Bank of Forrest

First State Bank of Forsyth

First State Bank of Golva

First State Bank of Harvey

First State Bank of Le Center

First State Bank of Livingston

First State Bank of Michigan

First State Bank of Middlebury

First State Bank of Odem

First State Bank of Olmsted

First State Bank of Porter

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.