Savings

CD Calculator

Calculate your certificate of deposit earnings and effective yield.

Parameters

Deposit amount

APY

Term (months)

Compounding frequency

Results

Final balance at maturity

$10,459.40

After 12 months

Interest earned

$459.40

Effective APY

4.594%

A certificate of deposit locks your money for a fixed term in exchange for a guaranteed interest rate, usually higher than a regular savings account.

Withdrawing before maturity typically incurs a penalty, often several months of interest. Read the terms before opening.

Open multiple CDs with staggered maturity dates to maintain liquidity while earning higher rates than a savings account.

CDs at FDIC-insured banks are protected up to $250,000 per depositor, making them one of the safest savings vehicles available.

For educational purposes only. Rates are subject to change. Early withdrawal penalties may apply. Not financial advice.