Plug in the number of months – or years – of the CD’s term into the calculator. Finally, add the CD’s APY. Because APY includes the effects of compounding, you don’t need to worry about putting the frequency of compounding. How much interest will I earn on a CD? The amount of...
CD Ladder Calculator 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...
5-year CD calculator: how to determine your earnings potentialTo calculate your earnings from a CD, you’ll need to use the following formula: P(1+R/N)(NT) = A. Where “A” represents the value of your CD, including interest. "P" is equal to your principal balance or initial ...
Interest accrues in a CD during the term, so you can benefit from compound interest. (See our CD calculator page or use the calculator below.) You can request to receive interest as regularly scheduled payments, or disbursements, to an external account or by check. The frequency can be mon...
CD calculator: how to determine CD earnings potentialTo calculate your earnings from a CD, you’ll need to use the following formula: P(1+R/N)(NT) = A. Where “A” represents the value of your CD, including interest. "P" is equal to your principal balance or initial deposit. "R"...
A 1-year CD with a 4.50% APY will get you more interest than with a 6-month, 5.00% APY CD. If you had $10,000 to deposit, you'd earn $246.95 with the 6-month CD and $450 with the lower-rate 1-year CD. When comparing CD rates, use a CD calculator to see how much you ...
FBFB— Final balance (often called the future value in similar calculations, e.g., in the future value calculator); IDID— Initial deposit (also referred to as present value); rr— Annual interest rate (in decimal form); mm— Compounding frequency— the number of times the interest is com...
The accounts below offer some of the best rates in the country can be opened online, and are available nationally. As the calculator shows, changing accounts to earn a higher interest rate can really add up over time. Recent Rate Changes ...
You can also check how much you could earn over time using the CD calculator on the bank’s website – and that’s guaranteed to get you excited about your potential returns. 8. Synchrony APY:4.35% APY Term:9 Month Minimum Deposit:$0 ...
CD Ladder Calculator Certificate of Deposit Calculator A word about our calculators The information provided by these calculators is for illustrative purposes only. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial profes...