🏦

CD Calculator

Inputs

Principal Amount(USD)

Initial deposit amount in dollars

Annual Interest Rate(%)

APY percentage offered by your bank

CD Term(months)

Length of CD term in months

Compounding Frequency

How often interest is compounded

Early Withdrawal Penalty(USD)

Penalty fee if withdrawn before maturity (optional)

Total Interest Earned

—

Maturity Value

—

Total value at CD maturity before penalties

Net Value After Penalty

—

Effective APY

—

Maturity Date

—

Formula

A = P(1 + r/n)^(nt) where A = maturity value, P = principal, r = annual rate, n = compounding periods per year, t = time in years