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Find out how much interest you can earn on a Certificate of Deposit (CD) with this certificate of deposit calculator. Compare CD rates by simply enter a deposit amount, length of time and interest rate to see how much you may be able to earn. For more information about CDs, see All about certificates of deposit.
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Initial deposit The starting balance for your CD. Months The total number of months for this CD to mature. Interest rate The published interest rate for this CD. Make sure to enter the actual interest rate, not the Annual Percentage Yield (APY). 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 CD's of different interest rates and compounding frequencies. Compounding Interest earned on your CD's accumulated interest. This calculator allows you to choose the frequency that your CD's interest income is added to your account. The more frequently this occurs, the sooner your accumulated interest income will generate additional interest. You may wish to check with your financial institution to find out how often interest is being compounded on your particular CD. |
| Note: This information is for general use only. Use this information as part of a full research process. General financial advice does not always apply directly to individual financial matters. Please consult a financial expert with specific and complex questions about your individual situation. |
This certificate of deposit calculator is just one of more than 30 personal finance calculators that we offer to consumers to help make knowledgeable decisions in all-important financial situations. Please use the certificate of deposit calculator as part of a thorough research process. For more news, advice and resources, visit our knowledge center.
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Compare Certificate of Deposit (CD) options. Compare different rates and lengths to see how much you may be able to earn.
