CD Rate Calculator
Calculate how much interest you'll earn on a Certificate of Deposit (CD). Enter your deposit amount, interest rate, and term to see your maturity value and APY.
Related Tools
Frequently Asked Questions
What is APY and how is it different from APR?
APR is the stated interest rate before compounding effects. APY accounts for compounding and shows your actual annual return. With daily compounding, a 5.00% APR becomes 5.127% APY. Always compare APY when shopping for CDs.
What happens if I withdraw from a CD early?
Most CDs charge an early withdrawal penalty — typically 90–180 days of interest for short terms and up to 12 months of interest for multi-year CDs. No-penalty CDs exist but usually offer lower rates.
What is a CD ladder strategy?
A CD ladder splits funds across multiple terms (e.g., 3, 6, 12, 18, 24 months) so money becomes available regularly. As each CD matures, you reinvest at the best current rate — providing liquidity while capturing competitive yields.