CD Calculator
Calculate Certificate of Deposit (CD) returns. Compare different terms to find the best CD for your savings goals.
Inputs
$
%
Results
Maturity Value
$10,511.62
Total Interest Earned
$511.62
Annual Percentage Yield (APY)5.116%
Average Monthly Interest$42.63
Maturity Value
$10,511.62
Total Interest Earned
$511.62
How to Use This Calculator
- Start by filling in the input fields below. Results update instantly as you type, so you can experiment with different values to see how they affect the outcome.
- Deposit Amount — The amount you want to deposit into the CD. Accepts values from $100 to $10,000,000 (default: $10,000).
- Annual Interest Rate (APR) — The stated annual percentage rate for the CD. Accepts values from 0 % to 15 % (default: 5 %).
- CD Term — Length of time until the CD matures. Choose from: 3 Months, 6 Months, 9 Months, 12 Months (1 Year), 18 Months, 24 Months (2 Years), 36 Months (3 Years), 48 Months (4 Years), 60 Months (5 Years). default: 12.
- Expand "Advanced Options" for additional fine-tuning. These optional inputs let you model more specific scenarios:
- Compounding Frequency — How often interest is compounded. Choose from: Daily, Monthly, Quarterly, Semi-Annually, Annually. default: 12.
- Once all inputs are set, review your results in the Results panel. Here's what each output means:
- Maturity Value — Total value when the CD matures. This is the primary result of this calculator.
- Total Interest Earned — shown as a dollar amount. This is the primary result of this calculator.
- Annual Percentage Yield (APY) — True annual rate including compounding.
- Average Monthly Interest — shown as a dollar amount.
- Scroll down to explore 2 charts (Interest by CD Term, CD Growth Over Term) for a visual breakdown of the data.
- Explore the related calculators below if you need deeper analysis or want to approach this topic from a different angle.
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Formula
Maturity Value = P × (1 + r/n)^(n×t)Related Calculators
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