CD Calculator
Enter your deposit, APY and term to see what your CD is worth at maturity, the interest after federal tax, and how other terms compare.
Interest earned at 4.00% APY
| Deposit | 6 mo | 1 yr | 2 yr | 5 yr |
|---|---|---|---|---|
| $5,000 | $99 | $200 | $408 | $1,083 |
| $10,000 | $198 | $400 | $816 | $2,167 |
| $25,000 | $495 | $1,000 | $2,040 | $5,416 |
| $50,000 | $990 | $2,000 | $4,080 | $10,833 |
| $100,000 | $1,980 | $4,000 | $8,160 | $21,665 |
APY (annual percentage yield) already includes compounding, so a CD at 4% APY grows exactly 4% in a year no matter how often interest is credited. Deposits at FDIC-insured banks and NCUA-insured credit unions are protected up to $250,000 per depositor, per institution, per ownership category. Withdrawing before maturity usually costs several months of interest.
Frequently asked questions
How much interest will $10,000 earn in a 1-year CD?
At 4% APY, $400. At 4.5% APY, $450. Interest is taxable as ordinary income in the year it's credited.
What's the difference between APY and APR?
APR is the simple annual rate; APY includes the effect of compounding. Banks quote APY on deposits, so use it to compare CDs.
Are CDs better than a high-yield savings account?
A CD locks in a rate for the term, which helps if rates fall; a savings account lets you withdraw anytime but its rate can change. CDs usually charge a penalty for early withdrawal.