CD Calculator
Calculate Certificate of Deposit earnings at maturity. Compare CD rates and terms to find the best return for your deposit with guaranteed interest.
Enter Your Details
$
%
Frequently Asked Questions
What is a Certificate of Deposit (CD)?
A CD is a savings product where you deposit a fixed amount for a set period (term) at a guaranteed interest rate. In exchange for locking up your money, you typically earn a higher rate than a regular savings account. CDs are FDIC-insured up to $250,000 per depositor per bank, making them one of the safest investment options available.
What happens if I withdraw from a CD early?
Early withdrawal from a CD typically incurs a penalty, often equal to several months of interest. For a 12-month CD, the penalty might be 3-6 months of interest. Some banks offer no-penalty CDs with slightly lower rates. Before opening a CD, ensure you will not need the funds before maturity or keep enough liquid savings for emergencies.
What is a CD ladder and how does it work?
A CD ladder is a strategy where you split your deposit across multiple CDs with staggered maturity dates. For example, invest equal amounts in 1-year, 2-year, 3-year, 4-year, and 5-year CDs. As each CD matures, reinvest into a new 5-year CD. This provides regular access to funds while capturing higher long-term rates, balancing liquidity with returns.
Related Calculators
Compound Interest Calculator
Calculate compound interest on savings with regular contributions. Compare monthly, daily, and annual compounding to maximize your interest earnings.
APY Calculator
Convert nominal interest rates to Annual Percentage Yield. Compare real returns across accounts with different compounding frequencies side by side.
Savings Goal Calculator
Find out how much you need to save each month to reach your financial goal. Factor in existing savings and interest to build a realistic savings plan.