Certificate of Deposit Calculator


A CD is a savings option that allows you to deposit funds in an account for a certain amount of time. CDs are known for their safety and higher interest rates than regular savings accounts and are a popular choice for those who want to grow their savings.

CDs can be used for various financial goals, whether you're saving for a major purchase, building your emergency fund, or planning for retirement. With a range of terms and interest rates, CDs offer flexibility and a guaranteed return on your investment. At TowneBank, we ensure your deposits are FDIC-insured up to $250,000 per depositor, per insured bank, providing you with peace of mind as you invest in your future.

Explore our CD calculator to see how your investment can grow over time and find the best CD option to fit your financial needs.

Certificate of Deposit Calculator

Use this calculator to find out how much interest you can earn on a Certificate of Deposit (CD). Just enter a few pieces of information and the tool will calculate your annual percentage yield (APY) and ending balance.

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.


Only deposit products are FDIC insured.

The information provided is not intended to be legal, tax, or financial advice or recommendations for any specific individual, business, or circumstance. TowneBank cannot guarantee that it is accurate, up to date, or appropriate for your situation. Financial calculators are provided for illustrative purposes only. You are encouraged to consult with a qualified attorney or financial advisor to understand how the law applies to your particular circumstances or for financial information specific to your personal or business situation.

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