CD Interest Calculator
Calculate interest earned and final value for a Certificate of Deposit (CD) or term deposit.
How to use this tool
- Enter deposit amount, annual rate (apy), cd term and compounding in the fields above.
- Results update instantly as you type — or click Calculate.
- Read your interest earned and the full breakdown beneath it.
CDs offer guaranteed returns for a fixed term. Compare the APY and term length to find the best CD for your savings goals.
Frequently asked questions
- What is a CD?
- A Certificate of Deposit (CD) is a savings product offered by banks and credit unions that pays a fixed interest rate for a fixed period. Early withdrawal typically incurs a penalty.
- How is CD interest calculated?
- CD interest compounds based on the stated frequency (monthly, quarterly, etc.). The effective APY shows your true annual return accounting for compounding.