CD Calculator
Calculate Certificate of Deposit maturity value and APY. Compare rates and compounding frequencies.
💰CD Details
Deposit
$10.0K
Interest
$2.5K
APY
4.6%
Deposit vs Interest
CD Growth
FDIC Insured
CDs are insured up to $250,000 by the FDIC — one of the safest investments.
APY Calculator
See your actual Annual Percentage Yield based on compounding frequency.
Compare Compounding
Daily vs monthly vs quarterly — see which earns you more.
How to Use
Enter Deposit
Set the amount you want to invest in the CD.
Set Interest Rate
Enter the APR offered by the bank.
Choose Term
Select CD duration from 1 to 10 years.
View Returns
See maturity value, interest earned, and APY.
The Formula
A = P × (1 + r/n)^(n×t)Frequently Asked Questions
What is a CD?
A CD (Certificate of Deposit) is a time deposit at a bank with a fixed interest rate and maturity date. You deposit money for a set term and earn guaranteed interest.
Are CDs safe?
Yes, CDs at FDIC-insured banks are protected up to $250,000 per depositor. They are one of the safest investment options available.
What's the difference between APR and APY?
APR is the stated annual rate. APY accounts for compounding and shows your actual yearly return. APY is always equal to or higher than APR.
Can I withdraw from a CD early?
Yes, but you'll typically pay an early withdrawal penalty (usually 3-6 months of interest). Some banks offer no-penalty CDs with lower rates.
What are current CD rates in 2026?
Top CD rates in 2026 range from 4% to 5% APY for 1-5 year terms. Online banks and credit unions typically offer the best rates.