CD Calculator
Calculate the future value and interest earned on a certificate of deposit.
Calculator
Value at maturity
$10,500
Interest earned
$500
Projection
What is cd?
A certificate of deposit (CD) is a time deposit that pays a fixed interest rate for a set term. This calculator estimates the value at maturity.
Example
A $10,000 12-month CD at 5% APY earns $500 in interest, maturing at $10,500.
Money-saving tips
- •Lock in rates when they are high — CDs guarantee the rate for the term.
- •Consider a CD ladder to balance rate locks with liquidity.
- •Early withdrawal penalties can wipe out interest — only commit money you won't need.
Common mistakes
- •Breaking a CD early and losing months of interest to penalties.
Financial definitions
- CD
- Certificate of Deposit — a time deposit with a fixed term and rate.
- CD ladder
- A strategy of buying CDs with staggered maturity dates for liquidity and rate diversification.
Frequently asked questions
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Estimated reading time: 4 min