CD Calculator
Estimate how much a certificate of deposit may be worth at maturity using the deposit amount, interest rate, term, and compounding schedule.
Ending balance
$10,459.4
Interest earned
$459.4
Estimated APY
4.59%
How to Use
- Enter the opening deposit amount.
- Add the annual interest rate and CD term in months.
- Choose how often the CD compounds.
- Review the ending balance, interest earned, and estimated APY.
Frequently Asked Questions
What is a CD?
A certificate of deposit is a savings product that usually locks money for a fixed term in exchange for a stated interest rate.
What is APY?
APY stands for annual percentage yield. It reflects the effect of compounding over a full year.
Does compounding frequency matter?
Yes. More frequent compounding slightly increases the ending balance when the stated rate is the same.
Does this include early withdrawal penalties?
No. This calculator estimates growth through maturity and does not model penalties for taking money out early.