Calculate CD growth and earnings. Free Certificate of Deposit calculator shows maturity value, total interest, and APY for any CD term and amount.
Result
$10,000
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Certificates of Deposit (CDs) are time deposit accounts offering a fixed interest rate for a specified term. They're one of the safest investments because they're FDIC-insured up to $250,000 and offer guaranteed returns. In 2026, with interest rates still elevated, CDs offer attractive yields for risk-averse savers.
A CD ladder involves splitting your money across multiple CDs with different maturity dates. For example, instead of one $30,000 CD, you could buy $10,000 each in 1-year, 2-year, and 3-year CDs. When each matures, you reinvest at the current rate. This strategy balances yield with liquidity.
In 2026, top CD rates range from 4.0% for 3-month terms to 4.5% for 5-year terms. Online banks and credit unions typically offer the best rates. Always check the APY (Annual Percentage Yield) which accounts for compounding, not just the stated interest rate.
Are CDs worth it in 2026?
Yes, with rates between 4-5%, CDs offer competitive returns for risk-free savings. However, compare with high-yield savings accounts which offer similar rates with more liquidity.
What happens if I withdraw early?
Early withdrawal penalties vary by bank but typically equal 3-6 months of interest. Always check the penalty terms before opening a CD.
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Misestimating variables like interest rates or ignoring fees/commissions.