CD Calculator
Enter a deposit amount, the advertised APY and the term. Because APY already accounts for compounding, the result is the exact amount the CD pays at maturity.
$
%
mo
Value at maturity
$10,440.00
- Interest earned
- $440.00
- Average per month
- $36.67
- Effective APY
- 4.40%
Withdrawing before maturity typically forfeits three to twelve months of interest.
Frequently asked questions
- What happens if I withdraw early?
- Most banks charge an early withdrawal penalty of three to twelve months of interest depending on the term. On a short CD held for only a few months, the penalty can exceed the interest earned.
- Are CDs insured?
- CDs at FDIC member banks are insured up to the standard limit per depositor, per bank, per ownership category. Credit union CDs carry equivalent NCUA coverage.