CD early withdrawal calculator

Need your money before your CD matures? Find out exactly what it'll cost you — and whether it's worth it.

Your CD details

CD deposit amount

Annual percentage yield (APY)

CD term

When you want to withdraw

Months you've already held the CD

How long since you opened it

Compounding frequency

Early withdrawal penalty

Penalty type

Check your CD agreement

Can penalty eat into principal?

Some banks allow this, most don't

Your situation

Marginal tax rate

CD interest is taxed as ordinary income

Alternative investment return

What you'd earn with the money elsewhere

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You'd walk away with — after penalty

Penalty amount — early withdrawal fee

Interest earned so far — before penalty

Net gain/loss vs. deposit — compared to doing nothing

What you'd have at maturity — if you waited

Cost of leaving early — vs. waiting to maturity

Full breakdown

Item	Amount

Withdraw now vs. wait to maturity

Withdraw now

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Wait to maturity

—

Reinvest elsewhere

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Before you withdraw — consider these alternatives

Breaking your CD early isn't always your only option