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Calculator
CD Early Withdrawal Calculator
Estimate the cost of closing a certificate of deposit before maturity.
What this is: A rough CD early-withdrawal penalty estimator. Banks define penalties differently, so use this as a ballpark and verify the exact penalty with your bank before closing a CD early.
Estimate your early-withdrawal cost
Current principal in the CD.
Use the rate printed on your CD or renewal notice.
How long until the CD matures.
Common CD penalties are stated as months of interest.
Monthly interest estimateSimple interest approximation
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Early-withdrawal penalty6 months of interest
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Interest left if held to maturityApproximate remaining earnings
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Estimated amount after penalty
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How to read the result
The penalty is usually based on interest, not principal. For example, a six-month penalty on a $100,000 CD paying 4.25% is roughly six months of interest, or about $2,125. Some banks can invade principal if the CD has not earned enough interest yet.
Before you act: Ask the bank for a written payoff amount. This calculator does not know your bank's compounding method, promotional terms, or special penalty rules.