CD Calculator
CD Details
What is a CD (Certificate of Deposit)?
A Certificate of Deposit (CD) is a savings account that holds a fixed amount of money for a fixed period of time, such as six months, one year, or five years. In exchange, the issuing bank pays interest, usually at a higher rate than a regular savings account.
How to use this calculator
Enter your initial deposit amount, the APY (Annual Percentage Yield) offered by the bank, and the term length of the CD. The calculator will show you the total balance at maturity and the total interest earned.