Use this calculator to find out how much interest you can earn
on a Certificate of Deposit (CD). Just enter a few pieces of information
and we will calculate your Annual Percentage Yield (APY) and ending
balance. Click on the "View Report" button to see a detailed schedule
of your CD's balance and interest earned. Unhappy with your current
CD rate? Check out Bankrate's exclusive list of the highest-yielding
CDs in the United States.
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How do I get more personalized
results?
Looking for more personalized rates? First compare
rates in your area, then return to our investment calculator.
Definitions 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.
Information and interactive calculators
are made available to you as self-help tools for your
independent use and are not intended to provide investment
advice. We can not and do not guarantee their applicability
or accuracy in regards to your individual circumstances.
All examples are hypothetical and are for illustrative
purposes. We encourage you to seek personalized advice
from qualified professionals regarding all personal finance
issues.
