Certificate of Deposit (CD) Calculator

Calculate to find out how much interest can be earned on Certificate of Deposits (CDs). By using this resource, you can learn about your annual percentage yield (APY) and ending balance on CDs. Click on the “View Report” button to see a detailed schedule of your CDs balance and interest earned.

By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.



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Certificate of Deposit Calculator
*indicates required.
Annual percentage yield (APY):
0
**FIG_GRAPHTITLE** Column Graph: Please use the calculator's report to see detailed calculation results in tabular form.

Definitions

Initial deposit

The amount of money you choose to open your CD with.

Months

The term of the CD, expressed in months.

Interest rate

The published interest rate for this CD. Make sure to enter the actual interest rate, not the annual percentage yield (APY). It is important to remember that these scenarios are hypothetical and that future interest rates can't be predicted with certainty.

Compounding

The interest earned on your CD is added to your CD balance at regular intervals. This is called "compounding." This calculator allows you to choose the frequency that your CD's interest income is compounded. The more frequently this occurs, the sooner your accumulated interest income will generate additional interest. You may wish to check with your financial institution or account opening documents to find out how often interest is being compounded on your CD.

Annual percentage yield (APY)

This is the effective annual interest rate earned for this CD. A CD's APY depends on the frequency of compounding and the interest rate. Since APY measures your actual interest earned per year, you can use it to compare CDs that have different interest rates and compounding frequencies.