CD Early Withdrawal Penalty Calculator

Cashing a certificate of deposit in before it matures costs a penalty quoted in months of interest, which early in the term is more than the account has earned. Enter the deposit, the APY, the term, how long you have held it and the penalty in months, and it returns the penalty, the net proceeds, and how far those fall short of the money you put in. A month by month schedule shows when the proceeds climb back over the deposit. A second mode weighs breaking the CD and reinvesting at a better rate against leaving it alone until maturity.