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Calculate interest earned and total maturity value for any CD
A Certificate of Deposit (CD) is a savings product offered by banks that pays a fixed interest rate for a set term. CDs typically offer higher rates than regular savings accounts in exchange for keeping your money deposited until the maturity date.
Maturity Value
$10,459.40
Interest Earned
$459.40
Effective APY
4.594%
| APY | 6 Mo | 1 Yr | 2 Yr | 5 Yr |
|---|---|---|---|---|
| 3.00% | $150 | $300 | $606 | $1,592 |
| 4.00% | $200 | $400 | $816 | $2,166 |
| 4.50% | $225 | $450 | $920 | $2,462 |
| 5.00% | $250 | $500 | $1,025 | $2,763 |
| 5.50% | $275 | $550 | $1,130 | $3,070 |
Interest earned on $10,000. Monthly compounding.
Formula
Maturity Value = P × (1 + r/n)^(n×t)P = Principal (initial deposit)
r = Annual interest rate (as a decimal)
n = Compounding periods per year
t = Time in years
Worked Example
$10,000 CD at 4.5% APY for 12 months (monthly compounding)
Did you know? CD deposits are insured by the FDIC up to $250,000 per depositor, per bank, per ownership category — making CDs one of the safest investment vehicles available to US consumers (source: Federal Deposit Insurance Corporation).
Sources
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