Compare 2 CD's Calculator

■ First CD
Principal entered with 0% APY -- your balance will not grow. Enter an APY to see interest projections.
APY above 20% is outside the slider range but will still be used in calculations.
APY is 0% -- no interest will be earned. Enter a rate to see growth projections.
Term must be a whole number of months. Fractional months will be rounded down.
Term above 120 months is outside the slider range but will still be used in calculations.
◆ Second CD
Principal entered with 0% APY -- your balance will not grow. Enter an APY to see interest projections.
APY above 20% is outside the slider range but will still be used in calculations.
APY is 0% -- no interest will be earned. Enter a rate to see growth projections.
Term must be a whole number of months. Fractional months will be rounded down.
Term above 120 months is outside the slider range but will still be used in calculations.
Enter principal, APY, and term for each CD to see results.
Illustrative Only -- Not a Rate Quote or Deposit Commitment
Illustrative Ending Balance at Maturity Comparison
■ First CD
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◆ Second CD
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As-Entered APY
First CD
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-- mo term
Second CD
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-- mo term

APY (Annual Percentage Yield) is the effective annual rate of return, accounting for compounding. The values shown above are the rates you entered -- used directly to project the ending balance for each CD over its respective term.

Compound Interest Formula Balance = Principal × (1 + APY/100)Term/12 — where APY is the annual percentage yield and Term is in months.
Full Breakdown
Principal
Interest Earned (full term)
Prorated Interest
Term
As-Entered APY
Ending Balance at Maturity
Prorated interest reflects what the longer-term CD would have earned if held only for the shorter term. This is a hypothetical comparison only. Early withdrawal from a CD may incur penalties and is not equivalent to a shorter-term CD. Contact us for specific early withdrawal penalty terms.
This calculator provides illustrative estimates only and does not constitute a deposit commitment or official quote. Actual rates and terms are subject to your institution's current offerings. Please contact us for official rates.
Important Disclosures
For Illustrative Purposes Only
This calculator is provided for educational and illustrative purposes only and does not constitute a deposit commitment, contract, official rate quote, solicitation, advertisement, or offer to open a deposit account or purchase any financial product. Results are not guaranteed, and no commitment to lend, invest, or accept deposits is expressed or implied. Please contact us for official rates, terms, and Truth in Savings disclosures applicable to your accounts.
Annual Percentage Yield
Annual Percentage Yield (APY) -- the effective annual return reflected in the account disclosures provided by your institution. APY is applied directly to project growth over your selected time horizon. Actual interest earned may differ based on APY changes, account terms, and timing of deposits.
Certificates of Deposit (CD's)
A certificate of deposit (CD) is a savings account that locks in your money for a fixed rate and term. CDs are intended to be held to maturity. If your target date falls before a CD's maturity date, early withdrawal penalties may apply and could result in reduced earnings or loss of principal. Contact us for specific penalty terms. Rollover and renewal projections assume the APY entered is maintained for the full projection period. Actual renewal rates are determined at maturity and may be higher or lower. Projected rollover balances are not a guarantee of future returns.
Taxes
Interest earned on deposit accounts and CDs is generally subject to federal and applicable state income tax in the year credited, regardless of whether funds are withdrawn. Financial institutions are required to report interest income of $10 or more to the IRS and will issue a Form 1099-INT for the applicable tax year. Consult a qualified tax advisor for guidance.
FDIC Insurance
Deposit accounts held at FDIC-insured institutions are insured up to the current standard maximum deposit insurance amount (SMDIA) per depositor, per ownership category, per insured institution. Balances exceeding applicable limits are not insured. Visit FDIC.gov for current coverage limits.
CD Comparison -- Independent Hypothetical Scenarios
This calculator compares two hypothetical certificates of deposit side by side using the principal, APY, and term you enter for each. The two CDs are independent scenarios and do not represent a single account, a laddering strategy, or any specific product offered by this institution. Results assume standard fixed-rate CDs held to maturity with no reinvestment, rollover, or automatic renewal. A shorter-term CD renewed at maturity is not equivalent to a longer-term CD and may earn a different rate at renewal.