CD Calculator

Calculate Certificate of Deposit (CD) investment returns, compounding interest, and early withdrawal penalty impacts.

Calculator Inputs

$
Deposit amount.
%
Nominal rate.
Maturity term.
Interest compounding.

Calculated Results

CD Value at Maturity
$11,048.81 (+$1,048.81 Interest)
Annual Percentage Yield (APY) 5.12% APY
Monthly Interest Compounding +$43.70 / month
Early Withdrawal Penalty (3 Mos) $125.00
Values calculate live as you adjust inputs.

About CD Calculator

Forecasts guaranteed yield on FDIC-insured Certificates of Deposit with locked maturity dates.

What is CD Calculator?

Forecasts guaranteed yield on FDIC-insured Certificates of Deposit with locked maturity dates.

How to Use This Calculator

  1. Enter CD deposit amount.
  2. Enter interest rate.
  3. Select term length.
  4. View maturity value and early withdrawal impact.

The Mathematical Formula & Variables

A = P * (1 + r / n)^(n * t)

Step-by-Step Worked Example

Scenario: $10,000 in 24-month CD at 5.0% compounded daily.

  1. APY = (1 + 0.05/365)^365 - 1 = 5.127%.
  2. After 2 years: $10,000 * (1 + 0.05/365)^(730) = $11,051.63.
  3. Interest earned = $1,051.63.

Result: $11,051.63

Frequently Asked Questions

What is a CD ladder?

A strategy where you divide investment across CDs with staggered maturity dates (e.g. 1, 2, 3, 4, 5 years) to maintain liquidity while earning higher rates.