Certificate of Deposit APY Calculator
Calculate the Annual Percentage Yield (APY) and maturity value of a Certificate of Deposit (CD). Compare nominal rate to effective yield.
How to Use the CD APY Calculator
- Enter the deposit (principal) amount.
- Enter the stated annual interest rate.
- Enter the CD term in months.
Riferimento Rapido
| Da | A |
|---|---|
| 4.50% rate | 4.59% APY |
| 5.00% rate | 5.12% APY |
| 3.00% rate | 3.04% APY |
| 6-month CD | Short-term |
| 60-month CD | Long-term, higher rate |
Casi d'Uso
- •Comparing CD offers from different banks.
- •Calculating earnings on a fixed-term deposit.
- •Planning a CD ladder strategy.
Formula
APY = (1 + r/12)^12 − 1. Maturity Value = P × (1 + r/12)^(12 × t).
Domande Frequenti
What is APY?
APY (Annual Percentage Yield) is the effective annual return accounting for compounding — always higher than the stated rate.
Are CDs safe investments?
CDs are FDIC-insured up to $250,000 per depositor per bank, making them very safe.
Is it free?
Yes, all calculators are completely free.