How to use this cd calculator
Enter the values requested above and select Calculate. Change any input to compare another scenario. The calculation runs locally in your browser and does not require an account.
Formula and method
Example
A $10,000 CD at 4.5% APY for 18 months can be estimated by converting 18 months to 1.5 years.
Tips for a useful result
Actual bank crediting methods, early-withdrawal penalties and compounding conventions may differ.
What this calculator is useful for
Estimate the maturity value and interest earned on a certificate of deposit using APY and term length. The result is intended for quick estimates, checking arithmetic and comparing scenarios. When a result affects a contract, tax filing, medical decision, building-code requirement or other high-stakes situation, verify the result with the appropriate professional or authoritative source.
Frequently asked questions
What does the CD Calculator calculate?
Estimate the maturity value and interest earned on a certificate of deposit using APY and term length.
How does the CD Calculator work?
Estimated maturity value = deposit × (1 + APY)^(term in years).
Is the CD Calculator free to use?
Yes. ERICH Calculators is free to use and does not require an account.