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Use this early withdrawal penalty calculator to find the effective APY when closing a CD before maturity. The effective APY takes into account the loss from the early withdrawal penalty. Simply enter the term, apy and penalty for early withdrawal and you will see a breakdown of what the effective APY would be if you were to withdraw the money during any month. Please be aware that there are some risks in planning for an early withdrawal of a CD.

You can also click on any of the example products on the right to automatically add them to the table for comparison, as well.

Bank 1Bank 2Bank 3Bank 4Bank 5Bank 6Bank 7
CD Term (in years)
Penalty (months)