Certificate of Deposit Calculator (CD)

Use our Certificate of Deposit (CD) Calculator to estimate your maturity amount based on deposit amount, interest rate, and term length. Plan your fixed deposits smartly and track potential earnings with ease!

CD Information
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Yrs
Mos
Total: 12 months
Advanced CD Options
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CD Rate Comparison
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About Certificates of Deposit (CDs)

Standard CD: Fixed term with fixed interest rate and early withdrawal penalties.

Jumbo CD: Requires larger minimum deposit (typically $100k+) for higher rates.

Bump-Up CD: Allows rate increase once during term if rates rise.

Liquid CD: Permits withdrawals without penalty (with lower rates).

Step-Up CD: Automatically increases rate at predetermined intervals.

IRA CD: CD held within an IRA account for tax advantages.

Most CDs charge penalties for early withdrawal, typically:

  • 1-3 month CDs: 1 month of interest
  • 3-12 month CDs: 3 months of interest
  • 1-5 year CDs: 6 months of interest
  • 5+ year CDs: 12 months of interest

Note: Some banks use different penalty structures, and liquid CDs may have no penalty.

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Current CD Rates
Term Avg. Rate Top Rate
3 Month 2.50% 3.25%
6 Month 3.00% 4.00%
1 Year 4.50% 5.50%
2 Year 4.25% 5.25%
3 Year 4.00% 5.00%
5 Year 3.75% 4.75%
Rates as of July 5, 2025. Online banks typically offer higher rates than brick-and-mortar banks.
CD Investment Examples ($)

Daily compounding:

  • Maturity: $10,512.67
  • Interest: $512.67
  • After tax (24%): $389.63 net interest

Monthly compounding:

  • Maturity: $58,521.23
  • Interest: $8,521.23
  • Early withdrawal penalty: $2,130 (6 months interest)

Quarterly compounding:

  • Maturity: $126,677.01
  • Interest: $26,677.01
  • Tax-deferred growth
CD Laddering Strategy
  • 1. Divide your investment into equal amounts
  • 2. Invest in CDs with staggered maturity dates
  • 3. As each CD matures, reinvest in longest-term CD
  • 4. Maintains liquidity while capturing higher rates
  • 5. Example: 1-year, 2-year, 3-year, 4-year, 5-year CDs