Calculate your Certificate of Deposit earnings. See interest earned, APY, and how your CD compares to savings accounts and other investments.
CD Details
Enter your Certificate of Deposit info
$
$500$500K
%
0%15%
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% APY
Total at Maturity
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Interest Earned
$—
APY (Effective)
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After-Tax Interest
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Savings Acct Comparison
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Extra Earned vs Savings
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Initial Deposit
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APR
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Compounding
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APY (Effective)
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Interest Earned
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Tax on Interest
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After-Tax Interest
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Total at Maturity
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FAQ
What is a CD?
A Certificate of Deposit (CD) is a time-deposit savings account that holds a fixed amount of money for a fixed period (term) at a fixed interest rate. CDs are FDIC-insured up to $250,000.
What happens if I withdraw early from a CD?
Early withdrawal penalties typically range from 3-6 months of interest. Some banks offer "no-penalty CDs" but usually at lower rates. Factor in the penalty if you might need the money early.
What is APY vs APR?
APR (Annual Percentage Rate) is the stated rate. APY (Annual Percentage Yield) is the effective rate accounting for compounding. More frequent compounding → higher APY vs APR.
How are CD earnings taxed?
CD interest is taxed as ordinary income in the year it is credited, even if you do not withdraw it. You'll receive a 1099-INT from the bank.