CD Calculator
CD maturity value.
Inputs
$
%
Result
Maturity Value$12,461.82
Interest Earned$2,461.82
About the CD Calculator
The CD Calculator projects the maturity value of a Certificate of Deposit given the deposit amount, APY, and term. CDs pay a fixed rate for a set period in exchange for tying up your money.
Calculation method
Uses monthly compound interest to compute the future value of the initial deposit at maturity.
FV = P × (1 + APY)^t (annual) or (1 + APY/12)^(12t) monthly compounding.How to use this calculator
- Enter the deposit amount and CD term.
- Enter the APY offered on the CD.
- See the total interest and maturity value.
Example
$10,000 in a 5-year CD at 4.5% APY matures at about $12,462, earning $2,462 in interest.
Frequently asked questions
Are CDs safe?
Yes. CDs at FDIC-insured banks are protected up to $250,000 per depositor per bank. Principal and stated interest are guaranteed if held to maturity.
What is an early-withdrawal penalty?
Withdrawing before maturity forfeits several months of interest. Typical penalties range from 3 months on a 1-year CD to 12+ months on a 5-year CD.
Should I ladder CDs?
A CD ladder (equal amounts maturing every year for 5 years) balances higher long-term rates with regular access to funds.
Disclaimer: This calculator is for informational and educational purposes only and does not constitute financial, tax, or legal advice. Consult a qualified professional for decisions specific to your situation.