Follow the steps below to use the Bankrate CD calculator to see how much interest you’ll earn over time: Determine how much money you’d like to put in aCD. CDs generally have early withdrawal penalties if you withdraw money before the term ends. So choose your term carefully. ...
A CD ladder is made up of CDs with staggered maturity dates, and is intended to maximize returns. A CD ladder is your best option for a savings portfolio that will deliver both interest income and available cash. This calculator will help you build a CD ladder that's right for you. ...
An annuity has a long-term investment horizon of typically 5–30 years, whereas a CD term is up to 5 years. Annuities generally pay a higher interest rate. The best 5-year CD rates are paying around 2.20–2.35 interest (Bankrate.com) versus 2.50–3.60 on annuities (allthingsannuity.com)...
Higher interest rates:Short-term CDs right now come with higher interest rates compared to longer-term CDs, so you may earn more money on your deposit. ACD calculatorcan help you estimate your earnings. Shorter maturity timelines:You’ll lock away your funds for a shorter period of time, so...
You can use our CD calculator to check out what your earnings might be.Early withdrawal penalties by bankEvery bank and credit union has a different way of setting CD early withdrawal penalties. Here’s a sampling of what some of the most popular institutions charge....
Our savings calculator can help you determine just how much you’ll earn in interest once your CD term ends. Unlike savings accounts, though, you won’t be able to access the cash in your CD before the end of the term, or you’ll be met with a fee. Therefore, it’s a good place...
Our tool, in partnership with Bankrate, will let you search for a good rate on an account that's right for you.Why open a CD account?A CD, or certificate of deposit, is a type of investment account that holds a fixed amount of money for a fixed term — which can be anywhere from...
Please note that this calculator defaults to using a default 2.9% inflation rate. Its important to remember that these calculations are hypothetical and future rates of return can’t be predicted with certainty and involve a multitude of outside factors, such as the type of investment and its ...
Bankrate partner average4.94%$494$10,494 CDs that pay the national average1.74%$174$10,174 CDs from big brick-and-mortar banks0.03%$3$10,003 Bankrate’s handyCD calculatoris a quick way to figure out how much a CD will be worth at maturity, and it simply requires you to input the ...
Bankrate’s CD calculator can help you determine how much interest you could earn when your CD matures. Your principal is protected, so you won’t have to worry about fluctuations in value like you might when investing in the stock market. Plus, with a CD, your interest rate is locked in...