CD Calculator
Calculate Certificate of Deposit (CD) returns. Compare different terms to find the best CD for your savings goals.
Financial Disclaimer
This calculator is for educational purposes only and does not constitute financial advice. Results are estimates based on the inputs provided. Consult a qualified financial advisor before making investment or financial planning decisions.
InputsLoading live data…
Results
Maturity Value
$10,511.62
≈ 7 months of rent
Total Interest Earned
$511.62
≈ 9 tanks of gas
How to Use This Calculator
- Enter your initial deposit amount.
- Enter the annual interest rate (APR) offered by the bank.
- Select the CD term from 3 months to 60 months.
- Choose the compounding frequency — daily compounding yields the most.
- Review the maturity value, total interest earned, and effective APY to compare CDs from different institutions.
How the result changes with Deposit Amount
| Deposit Amount | Maturity Value | Total Interest Earned |
|---|---|---|
| $1,000,090.00 | $1,051,256.50 | $51,166.50 |
| $3,500,065.00 | $3,679,134.97 | $179,069.97 |
| $6,500,035.00 | $6,832,589.13 | $332,554.13 |
| $9,000,010.00 | $9,460,467.59 | $460,457.59 |
What each input means
- Deposit Amount
- The amount you want to deposit into the CD.
- Annual Interest Rate (APR)
- The stated annual percentage rate for the CD.
- CD Term
- Length of time until the CD matures.
- Compounding Frequency
- How often interest is compounded.
What each result means
- Maturity Value
- Total value when the CD matures.
- Annual Percentage Yield (APY)
- True annual rate including compounding.
How this is calculated
Formula
Maturity Value = P × (1 + r/n)^(n×t)Worked example, using the default values
- Identify Input Parameters4 parametersDeposit Amount = 10000, Annual Interest Rate (APR) = 5, CD Term = 12, Compounding Frequency = 12 = 4 input(s) provided
- Calculate Maturity Value10511.62 = $10,511.62
- Calculate Total Interest EarnedTotal Interest Earned511.62 = $511.62
- Calculate Annual Percentage YieldAnnual Percentage Yield5.116 = 5.116
- Calculate Average Monthly InterestAverage Monthly Interest42.63 = $42.63
Engine last updated .
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