Skip to content
1 min activity

CD Calculator

How It Works

A certificate of deposit (CD) is a savings account where you can't withdraw the money for a fixed amount of time. In exchange, you are offered a higher guaranteed interest rate than a normal savings account. You can enter the deposit size and interest rate into this calculator to see how much a CD can grow over its lifetime (usually 12 to 60 months).

CD Calculator

Adjust the inputs to see how much your savings in a CD grow over time.
Total Balance
$11,330
Interest Earned
$1,330
CD Calculator table
MonthsInterest Earned
0$2
1$20
2$41
3$62
4$83
5$104
6$125
7$146
8$167
9$189
10$210
11$231
12$252
13$274
14$295
15$317
16$338
17$360
18$381
19$403
20$425
21$446
22$468
23$490
24$512
25$534
26$556
27$578
28$600
29$622
30$644
31$666
32$688
33$710
34$733
35$755
36$778
37$800
38$822
39$845
40$868
41$890
42$913
43$936
44$958
45$981
46$1,004
47$1,027
48$1,050
49$1,073
50$1,096
51$1,119
52$1,142
53$1,166
54$1,189
55$1,212
56$1,236
57$1,259
58$1,282
59$1,306
60$1,330
Disclaimer
While we hope you find this content useful, it is only intended to serve as a starting point. Your next step is to speak with a qualified, licensed professional who can provide advice tailored to your individual circumstances. Nothing in this article, nor in any associated resources, should be construed as financial or legal advice. Furthermore, while we have made good faith efforts to ensure that the information presented was correct as of the date the content was prepared, we are unable to guarantee that it remains accurate today.

Neither Banzai nor its sponsoring partners make any warranties or representations as to the accuracy, applicability, completeness, or suitability for any particular purpose of the information contained herein. Banzai and its sponsoring partners expressly disclaim any liability arising from the use or misuse of these materials and, by visiting this site, you agree to release Banzai and its sponsoring partners from any such liability. Do not rely upon the information provided in this content when making decisions regarding financial or legal matters without first consulting with a qualified, licensed professional.