Put into practice, let’s say you plan to buy a 12-month CD and deposit $5,000. Interest rate: the annual percentage yield ( APY) you’ll be paidĮnter those values, then select “Calculate.” You’ll see the amount of interest you’d earn over the CD’s term and the final value of your investment.
Term: the length of time, in months or years, that you’ll need to keep your money in the CD.Initial deposit: the amount of money you plan to deposit.To get the most value from our CD calculator, start by gathering the three numbers you’ll need to input:
