What is the difference between APY and the rate?
APY already counts compounding, so it is the number to compare between banks.
CD Calculator
What a certificate of deposit pays.
You end up with
$0.00- Interest earned
- $0.00
How it’s calculated
- End = deposit × (1 + APY)^(months ÷ 12)
Example: $10,000 at 4.5% APY for 18 months grows to $10,682.54.
About the CD Calculator
What a CD is worth at maturity from your deposit, APY and term.
How to use this tool
- Enter your deposit.
- Enter the APY the bank quotes.
- Enter the term in months.