CD Calculator
Calculate your CD (Certificate of Deposit) maturity value, total interest earned, and APY based on principal, rate, and term.
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Calculate Your CD Returns
A Certificate of Deposit (CD) offers guaranteed returns at a fixed interest rate for a set term. Our CD calculator helps you determine your maturity value, total interest earned, and effective annual yield (APY) so you can compare CD options and maximize your savings.
What is a CD?
A Certificate of Deposit (CD) is a savings product offered by banks and credit unions that pays a fixed interest rate for keeping your money deposited for a set period (the term). CDs typically offer higher interest rates than savings accounts because you agree not to withdraw funds until maturity.
CD Interest Formula
A = P(1 + r/n)^(nt)Why Calculate CD Returns?
Compare Options
Evaluate different CD terms and rates to find the best return for your goals.
Plan Ahead
Know exactly how much you'll have at maturity for financial planning.
Understand APY
See how compounding frequency affects your actual annual yield.
How to Use the CD Calculator
CD Strategies
CD Ladder
Spread deposits across multiple CD terms for balance of rates and liquidity.
High-Yield CDs
Online banks often offer higher rates than traditional banks.
Bump-Up CDs
Allow one rate increase if rates rise during your term.
No-Penalty CDs
Allow early withdrawal without penalty, but typically lower rates.
Frequently Asked Questions
APR (Annual Percentage Rate) is the simple interest rate. APY (Annual Percentage Yield) includes compound interest, showing your actual annual return. APY is always equal to or higher than APR due to compounding.