Calculate your earnings and more
Use this CD calculator to find out how much interest is earned on a certificate of deposit (CD). Just enter a few pieces of information and this CD calculator will calculate the annual percentage yield (APY) and ending balance. Click on the "View Report" button to see a detailed schedule of the CD's balance and interest earned.
The starting balance for your CD.
The total number of months for this CD to mature.
The published interest rate for this CD. Make sure to enter the actual interest rate, not the annual
percentage yield (APY). It is important to remember that these scenarios are hypothetical and that
future interest rates can't be predicted with certainty.
Interest earned on your CD's accumulated interest. This calculator allows you to choose the frequency
that your CD's interest income is adived to your account. The more frequently this occurs, the sooner
your accumulated interest income will generate adivitional interest. You may wish to check with your
financial institution to find out how often interest is being compounded on your particular CD.
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.
High Yield Checking and Savings Account Rates