CD Calculator
Calculate certificate of deposit returns, effective APY, and compare CD laddering strategies.
CD Calculator
Certificate of Deposit â calculate interest earned and compare CD ladder strategies
đŗCD Details
đ°Your Returns
đCurrent Average CD Rates
Compare today's average CD rates from banks nationwide (as of early 2025).
| CD Term | Avg APY | Interest on $10,000.00 |
|---|---|---|
| 6 months | 4.5% | +$222.52 |
| 1 year | 5.0% | +$500.00 |
| 2 years | 4.7% | +$962.09 |
| 3 years | 4.5% | +$1,411.66 |
| 5 years | 4.3% | +$2,343.02 |
âšī¸About CDs & This Calculator
A Certificate of Deposit (CD) is a savings account that holds a fixed amount of money for a fixed period (term) at a fixed interest rate. At maturity, you receive your original deposit plus the interest earned.
APY (Annual Percentage Yield) already accounts for compounding frequency, so a 5% APY means your money grows by exactly 5% over one year regardless of how often interest compounds.
Benchmark rates shown are averages from high-yield online banks as of early 2025. Your bank may offer higher or lower rates. CDs are FDIC-insured up to $250,000 per depositor per bank.