Calculate Certificate of Deposit returns and compare different CD options. Currently calculating in US Dollar.
Typical range: 4.5% - 5.5% for high-yield CDs
Total Deposit
$10,000
Total at Maturity
$10,513
Total Interest
$513
+5.13% return
| CD | Principal | APY | Term | Effective APY | Interest | Maturity Value |
|---|---|---|---|---|---|---|
| CD 1 | $10,000 | 5% | 1 yr | 5.13% | +$513 | $10,513 |
A Certificate of Deposit (CD) is a savings product that earns interest on a lump sum for a fixed period of time. CDs typically offer higher interest rates than regular savings accounts.
APY (Annual Percentage Yield) includes the effect of compounding, giving you the true annual return. The more frequently interest compounds, the higher your effective return.
Withdrawing funds before the CD matures typically results in penalties, often equivalent to several months of interest. Consider a CD ladder strategy for more flexibility.
CDs at FDIC-insured banks are protected up to $250,000 per depositor, per bank, making them one of the safest investment options available.