How will the value of my CD change over time?

The amount of interest you can earn in a certificate of deposit (CD) can vary based on several factors, including current interest rates, the financial institution offering the CD, and more. As is the case with most certificates of deposit, once you deposit your money into a CD, the interest rate is fixed for the entire term of the CD. Early withdrawals can incur penalties and reduce the value of the CD.

Our CD Interest Calculator below can help you figure out how much interest you can earn using various rates and term lengths.

This calculator is provided for general and educational purposes only. It is not intended to provide legal, tax, or investment advice. The accuracy of this online tool and its applicability to the information provided is an estimate and is not guaranteed. Your actual figures (i.e., ending balance, etc.) could vary based on many factors.