CD Calculator

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.

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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). It is important to remember that these scenarios are hypothetical and that future interest rates can't be predicted with certainty.
COMPOUNDING
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.

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