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Certificate of Deposit (CD) Calculator

See the final balance and interest earned on a CD at a given APY.

Instant results Private — runs in your browser Updated January 1970

Inputs

Deposit

APYAPY already includes compounding

Term

Final balance

$10,500.00

Interest: $500.00

FV = deposit × (1 + APY)^(months/12). APY is the effective annual yield, so a 12-month term at 5% APY grows to exactly deposit × 1.05.

Where should I park savings?

Short-term goals: high-yield savings or short CDs. Long-term: a diversified portfolio.

How big should my emergency fund be?

Most planners suggest 3–6 months of essential expenses, more if income is variable.

What's APY?

Annual Percentage Yield — the rate including compounding. Always compare APYs, not APRs.

Are bank accounts safe?

FDIC-insured accounts are protected up to $250,000 per depositor per bank per ownership category.

Should I lock money in a CD?

Only if you don't need it during the term — early withdrawals carry penalties.

Results are estimates for educational purposes only and are not financial advice. Verify with a qualified professional before making decisions.

Last updated January 1970