CD Calculator
Certificate of deposit maturity value.
Enter your values
ⓘ Live results
Results
- Value at maturity
- $10,448.98
- Interest earned
- $448.98
- Effective APY
- 4.49%
- Monthly equivalent interest
- $37.42
Quick answer
A CD pays a fixed rate for a fixed term; the maturity value depends on the APY and how often interest compounds.
Value = P × (1 + r/n)^(n×t)
How to use the CD Calculator
- 1Enter your deposit amount.
- 2Enter the CD rate and term in months.
- 3Select the compounding frequency.
Worked example
Using the values the calculator loads with:
Inputs
- Deposit10000 $
- Interest rate4.4 %
- Term12 months
- CompoundingMonthly
Results
- Value at maturity$10,448.98
- Interest earned$448.98
- Effective APY4.49%
- Monthly equivalent interest$37.42
Frequently asked questions
Can I withdraw early?
Yes, but you normally forfeit 3–12 months of interest as a penalty.
Is CD interest taxable?
Yes, it is taxed as ordinary income in the year it is credited.
About this calculator
- Built and reviewed by James Whitfield · How we build and test calculators
- Report an error
Results are estimates for general information. For medical, legal, structural or financial decisions, confirm with a qualified professional.