Home » CD Calculator

CD Calculator

Calculate how much a Certificate of Deposit (CD) will earn. Compare terms, rates, and compounding to find the best CD for your savings.

Your data stays in your browser. Nothing is stored or sent to any server.

Enter Your Details

$0
Value at Maturity
$0
Interest Earned
0%
Effective APY
$0
Avg Monthly Interest

Understanding CDs

A Certificate of Deposit (CD) is a savings product that earns a fixed interest rate for a set term. CDs typically offer higher rates than regular savings accounts because you agree to leave your money untouched for the full term. Early withdrawal usually incurs a penalty.

CD Rates in 2026

Top CD rates range from 4.25% to 5.00% APY for 12-month terms, depending on the institution. Online banks and credit unions often offer the best rates. Rates vary by term — sometimes shorter terms offer higher rates than longer ones (inverted yield curve).

CD Laddering Strategy

CD laddering involves splitting your deposit across multiple CDs with staggered maturity dates (e.g., 3-month, 6-month, 12-month, 24-month). As each CD matures, you can reinvest or use the funds, giving you regular access to your money while still earning higher rates.

Frequently Asked Questions

Are CDs safe?
CDs at FDIC-insured banks are insured up to $250,000 per depositor. They are one of the safest investment vehicles available.
What happens if I withdraw a CD early?
You'll typically pay an early withdrawal penalty, usually 3-12 months of interest depending on the CD term. Some no-penalty CDs exist but usually offer lower rates.
CD vs high-yield savings account?
CDs lock in a rate but restrict access. High-yield savings accounts offer flexibility but rates can change. CDs are better when you want a guaranteed rate; savings accounts when you need liquidity.

Related Calculators

Compound Interest

See compound growth

Simple Interest

Compare simple vs compound

Future Value

Project savings growth

Savings Goal

Plan your savings