Certificate of Deposit Calculator

See how much you're going to make on your smart investment

Certificates of Deposits (CDs) take all the guesswork out of investing. From the beginning, you know how much interest you're going to earn. Whether you have a six-month or five-year CD, it's easy to project the final results. CDs are a popular savings tool because they pay higher interest than most savings accounts and consumers can control the length of the investment period. This calculator uses the CD's term and its annual percentage yield (APY) to compute your total interest earnings.

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By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.

Financial Calculators from
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Certificate of Deposit Calculator

*indicates required.

Initial deposit:*This entry is required.Enter an amount between $0 and $10,000,000

Months:*This entry is required.Enter an amount between 1 and 120

Interest rate:*This entry is required.Enter an amount between 0% and 20%

Compounding:*This entry is required.

Annual percentage yield (APY):

Total annual yield:

Total yield:

**FIG_GRAPHTITLE** Column Graph: Please use the calculator's report to see detailed calculation results in tabular form.

Your total is KJE1 after KJE2

Definitions

Initial deposit

The amount of money you choose to open your CD with.

Months

The term of the CD, expressed in months.

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

The interest earned on your CD is added to your CD balance at regular intervals. This is called "compounding." This calculator allows you to choose the frequency that your CD's interest income is compounded. The more frequently this occurs, the sooner your accumulated interest income will generate additional interest. You may wish to check with your financial institution or account opening documents to find out how often interest is being compounded on your 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 CDs that have different interest rates and compounding frequencies.

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 cannot 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.