Calculate what a certificate of deposit will be worth at maturity, including the effective annual yield (APY) once compounding is taken into account.
How it works
- Enter your initial CD deposit amount.
- Set the interest rate and term.
- Review the projected end-of-term payout and compound growth.
Frequently asked questions
Rate vs APY?
The rate is the nominal interest; APY includes compounding and is the real return. Compare CDs by APY.
What if I withdraw early?
CDs usually charge an early-withdrawal penalty, often several months of interest. This tool assumes you hold to maturity.
Are CDs safe?
In the US, bank CDs are FDIC-insured up to limits, making them very low risk.