Plan Your Financial Future with Our CD Interest Calculator
Our Certificate of Deposit calculator helps you maximize your savings.
Compare rates, terms, and compounding options to find the best CD for your needs.
💰 Make smarter investment decisions
Key Features of Our CD Calculator
Everything you need to make informed decisions about your Certificate of Deposit investments.
Multiple CD Comparison
Compare multiple CDs side by side to see which offers the best return on your investment.
Detailed Interest Breakdown
See a detailed breakdown of interest earned monthly, quarterly, and annually.
Reinvestment Options
Calculate potential earnings with automatic reinvestment of interest at maturity.
Mobile-Friendly Design
Access our calculator on any device, from desktop to smartphone, for calculations on the go.
Printable Results
Generate printable reports of your CD calculations for your records or to share with financial advisors.
Inflation Adjustment
See how inflation might affect the real value of your CD earnings over time.
Frequently Asked Questions About CDs
Learn more about Certificates of Deposit and how our calculator can help you.
What is a Certificate of Deposit (CD)?
A Certificate of Deposit is a time deposit offered by banks that provides an interest rate premium in exchange for the customer agreeing to leave the deposit untouched for a predetermined period of time (the term).
How does CD interest compounding work?
Compounding means that interest is added to your principal, and then future interest calculations are based on this new, larger amount. The more frequently interest is compounded (daily, monthly, quarterly, etc.), the more you'll earn over time.
What happens if I withdraw money from a CD early?
Most CDs have early withdrawal penalties, which typically consist of a portion of the interest earned. Our calculator can help you understand the impact of early withdrawal on your returns.
Are CDs a good investment?
CDs are generally considered safe investments because they are insured by the FDIC up to $250,000. They typically offer higher interest rates than regular savings accounts but lower returns than riskier investments like stocks.
What is the difference between APY and interest rate?
The interest rate is the simple annual interest the bank pays you for your deposit. APY (Annual Percentage Yield) takes into account the effect of compounding throughout the year, giving you a more accurate picture of your actual returns.
How accurate is this CD calculator?
Our calculator uses standard financial formulas to provide accurate projections based on the information you input. However, actual returns may vary slightly depending on how your specific financial institution calculates and applies interest.
Start Calculating Your CD Returns Today
Make informed investment decisions with our free CD calculator.