Compare 2 CD's Calculator

First CD

Principal Amount $10,000

APY (Annual Percentage Yield %) 4.50%

Term (Months) 12

Interest compounds quarterly (term is under 12 months).

Second CD

Principal Amount $10,000

APY (Annual Percentage Yield %) 4.75%

Term (Months) 24

Interest compounds annually (term is 12 months or over).

Ending Balance Comparison

First CD

Principal

Interest Earned

Second CD

Principal

Interest Earned

First CD $10,450

Second CD $10,990

Confirmed APY

First CD

4.50%

12-month term

Second CD

4.75%

24-month term

APY is entered directly and reflects the true annual yield already accounting for compounding. Compounding frequency is used internally to calculate interim and prorated interest estimates only.

Full Breakdown

Detail

First CD Second CD

Principal

$10,000 $10,000

Interest Earned (full term)

$450 $990

Prorated Interest (shorter term)

-- --

Term

12 mo 24 mo

Compounding

Quarterly Annually

APY

4.50% 4.75%

Ending Balance

$10,450 $10,990

This calculator provides illustrative estimates only. It does not constitute a deposit commitment or official quote. APY is entered directly as quoted by the institution. Compounding frequency is used internally for prorated and interim interest estimates only and does not alter the stated APY. Actual interest rates, compounding methods, and CD terms are subject to your certificate of deposit agreement and current institution terms. Please contact a local branch for official CD rates and terms.