FreeByte

CD early withdrawal penalty calculator

What breaking a CD costs.

Built and reviewed by Dovanic, Founder and editor, FreeByteLast reviewed: 2026-08-18
$
4.5%

Penalty

$450

You receive

$19,550

With these inputs, penalty comes to $450 over 6 months. You receive works out to $19,550. The result assumes penalty (months of interest) stays at 6%.

Monthly interest
$75

Over time · by penalty (months of interest)

What moves the number · Penalty

Input−10%Now+10%
CD balance$405$450$495
APY$405$450$495
Penalty (months of interest)$405$450$495

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What breaking a CD costs.

A worked example

Starting figures

CD balance
$20,000
APY
4.5%
Penalty (months of interest)
6

What it returns

Penalty
$450
You receive
$19,550
Monthly interest
$75

How to read the results

With the defaults above, penalty works out at $450.

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