CD Calculator
Calculate Certificate of Deposit earnings at maturity. Compare rates, terms, and compounding for FDIC-insured investments.
CD Maturity Value
$10,460
Interest Earned
$460
APY
4.602%
Term
12 months
π‘οΈ CDs are FDIC insured up to $250,000 per depositor per bank
What Is a Certificate of Deposit (CD)?
A CD is a time-bound savings product with a guaranteed fixed rate. Deposit for a set term (3 months to 5 years), earn higher rates than savings accounts.
Why CDs Are Popular
- FDIC insured up to $250,000
- Guaranteed rate β unaffected by market drops
- Higher than savings β typically 0.5β1% more APY
CD Laddering
Split deposits across multiple terms. As each matures, reinvest or use the cash β balancing liquidity with higher rates.
Worked Example
$25,000 in 2-year CD at 4.75% daily:
- APY: 4.866%
- Maturity: $27,471
- Interest: $2,471