Certificate of Deposit Calculator

Calculate how much interest you can earn on a Certificate of Deposit (CD).

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CD Details

$
%
12 months

CD Returns

Maturity Value$10,513
Total Interest Earned$513
Annual Percentage Yield (APY)5.13
Effective Rate for Term5.13

Your $10,000 deposit will grow to $10,512.67 after 12 months, earning $512.67 in interest.

How it works›

Model and assumptions. Compounds the initial deposit and scheduled contributions at the entered rate and frequency. Future value uses the principal growth factor plus the accumulated deposits, with a direct sum when the rate is zero. Rates are constant; early-withdrawal penalties, taxes and fees apply only where explicitly entered.OpenStax: annuity formulas