CD Calculator
Calculate the interest and final balance of a Certificate of Deposit.
Note
Early withdrawal from a CD usually incurs a penalty, which can reduce your total interest earned or even part of your principal.
Balance at Maturity
$0.00
Interest Earned
$0.00
Maturity Date
N/A
$5,000.00$0.00
CD Calculator
Calculate the interest and final balance of a Certificate of Deposit.
What is a Certificate of Deposit (CD)?
A Certificate of Deposit (CD) is a type of savings account with a fixed interest rate and a fixed date of withdrawal, known as the maturity date.
Benefits of CDs
- Fixed Returns: Your interest rate is locked in for the entire term, protecting you from falling rates.
- Higher Yields: Typically offer higher APY than standard savings accounts because you agree to leave your money for a set period.
- Safety: Usually FDIC or NCUA insured up to $250,000 per depositor.