VALUE AT MATURITY
$0
Initial deposit$0
Interest earned$0
How This CD Calculator Works
A Certificate of Deposit pays a fixed rate for keeping money deposited a set term. This shows total value at maturity with compounding.
Why CDs Pay More Than Savings
Since you commit to a fixed term, banks often offer higher rates than standard savings accounts.
Early Withdrawal Penalties
Most CDs charge a penalty for early withdrawal, often several months of interest.
Frequently Asked Questions
Does this include early withdrawal penalties?
No, this assumes you hold the CD for the full term.
What's the difference between APY and interest rate?
APY accounts for compounding, showing your true annual return.
Are CDs a good option now?
Depends on current rates and goals; CDs offer safety and predictable returns.