Free online CD calculator to compute certificate of deposit maturity value. Supports different terms, compounding frequencies, and early withdrawal penalty. All calculations run locally in your browser. | No signup · Data never leaves your device
Zero Dependencies · Works OfflineFree online CD calculator to compute certificate of deposit maturity value. Supports different terms, compounding frequencies, and early withdrawal penalty. All calculations run locally in your browser.
Education Savings：Lock in today's rates for future tuition by choosing a CD term that aligns with your child's enrollment date. Receive a guaranteed lump sum when needed.
Emergency Fund：Park 3-6 months of living expenses in a short-term CD (3-6 months) to earn 2-3% more than checking while maintaining reasonable access.
Retirement Supplement：Build a CD ladder by splitting funds across different terms, ensuring regular access to cash while capturing higher yields on longer maturities.
A CD (Certificate of Deposit) is a savings product offered by banks that pays a fixed interest rate for a specified term. You agree to leave your money untouched for the term, and the bank rewards you with a higher rate than a regular savings account. Terms range from 1 month to 5 years, with penalties for early withdrawal.
CD rates vary by term and bank. Typically, 1-year CDs offer 4-5% (2025), while 5-year CDs offer 3.5-4.5%. Higher rates and longer terms yield more. Shop around — rates can differ by 1-2% between banks.
Early withdrawal incurs a penalty, usually 90-180 days of interest depending on the term and bank policy. Our calculator lets you set an early withdrawal date to compute your net payout after the penalty.
CDs offer significantly higher rates (2-3% more) but lock your money for the term. Regular savings accounts allow withdrawals anytime but earn minimal interest. CDs are ideal for money you will not need soon.
Yes, most U.S. bank CDs are FDIC insured up to $250,000 per depositor per bank. Always verify your bank's insurance status before depositing.