All Tools VerseCD Calculator
Calculate the maturity value and interest of a certificate of deposit from your deposit, APY and term. Runs in your browser, no sign-up.
- Runs in your browser
- Nothing uploaded
- Free, no sign-up
See how much a certificate of deposit will be worth at maturity. Enter your deposit, the annual percentage yield and the term to find your final balance and interest earned. Runs in your browser.
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APY already includes the effect of compounding, so the maturity value is your deposit grown at that yield for the term. Early withdrawal from a CD usually means a penalty, so plan to leave the money in place.
How to Use CD Calculator
- Enter your deposit. Add the amount you plan to put into the CD.
- Set the APY. Enter the annual percentage yield the bank offers.
- Choose the term. Add the length in months, such as 12, 24 or 60.
- Read the maturity value. See what your CD will be worth at the end and the interest it earns.
Frequently Asked Questions
What is a CD?
A certificate of deposit is a savings product where you lock money away for a fixed term at a fixed rate, usually earning more than a regular savings account.
How is the maturity value calculated?
APY already reflects compounding, so the tool grows your deposit at that yield for the length of the term to give the value at maturity.
What is the difference between APY and APR?
APR is the simple annual rate, while APY includes the effect of compounding. Banks advertise CDs by APY, which is what this tool uses.
Can I take the money out early?
Usually only with a penalty, often several months of interest. Plan to leave the money until the term ends.
Are CDs a good place for savings?
They suit money you will not need for a set period and want to keep safe with a guaranteed return. For money you might need sooner, a high-yield savings account is more flexible.
Is my data private?
Yes. The calculation runs entirely in your browser.
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