CD Calculator

A CD calculator helps you determine how much you'll earn on a Certificate of Deposit investment. This CD calculator shows you the final value of your CD, total interest earned, and how compounding frequency affects your returns. Use this CD calculator to compare different CD offers and terms.

Key CD calculator concepts:

• APY (Annual Percentage Yield): The effective annual rate of return taking into account the effect of compounding interest
• Compounding Frequency: How often interest is calculated and added to your balance. More frequent compounding results in higher returns
• CD Term: The length of time your money is locked in the CD. Longer terms typically offer higher rates but less liquidity
• Early Withdrawal Penalty: Most CDs charge a penalty (typically 3-6 months of interest) if you withdraw funds before maturity
• FDIC Insurance: CDs are typically FDIC insured up to $250,000 per depositor per bank, making them a safe investment

Using this CD calculator: Enter your deposit amount, choose a CD term, enter the APY offered by your bank, and select the compounding frequency. The CD calculator will show you exactly how much your CD will be worth at maturity. This CD calculator helps you make informed decisions about CD investments and compare different CD offers to maximize your returns.