CD Calculator

Calculate Certificate of Deposit returns, compare CD rates, and analyze your fixed-term savings growth with compound interest

✓ CD Returns ✓ Rate Comparison ✓ Penalty Analysis

Calculate CD Returns

CD Details

Minimum deposit amount

APY offered by the bank

Additional Options

Months, percentage, or dollar amount

Federal + state tax rate on interest

CD Formula

A = P(1 + r/n)^(nt)
Where:
A = Final amount
P = Principal
r = Annual interest rate
n = Compounding frequency
t = Time in years

Popular CD Terms

6-Month CD
$10k at 4.0% APY
1-Year CD
$25k at 4.5% APY
5-Year CD
$50k at 5.0% APY

Typical CD Rates

3-Month CD: 3.5-4.0%
6-Month CD: 4.0-4.5%
1-Year CD: 4.5-5.0%
3-Year CD: 4.0-4.5%
5-Year CD: 4.2-4.8%

CD Benefits

✓ FDIC insured up to $250,000
✓ Guaranteed returns
✓ Fixed interest rates
✓ No market risk
✓ Predictable income
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Understanding CDs

A Certificate of Deposit (CD) is a time deposit offered by banks and credit unions that pays a fixed interest rate for a specified term.

  • Fixed Terms: Typically 3 months to 5 years
  • Fixed Rates: Interest rate locked in for entire term
  • FDIC Insured: Protected up to $250,000 per depositor
  • Early Withdrawal Penalties: Fees for accessing funds early

CD Strategies

CD Laddering

Stagger CD maturities to maintain liquidity and capture rate changes.

Rate Shopping

Compare rates across banks, credit unions, and online institutions.

Term Selection

Choose terms based on interest rate environment and liquidity needs.