A CD withdrawal penalty calculator is a handy tool that allows you to calculate the penalty for early withdrawal of a Certificate of Deposit (CD). This tool can help you determine if it is worth it to break your CD early, or if you would be better off just letting it mature.

There are a few factors that go into calculating the penalty for early withdrawal of a CD. The first is the amount of time that has passed since you opened the CD. The second is the amount of the original deposit that was withdrawn. And the third is …