Calculate the maturity value of a Certificate of Deposit.
Maturity value A = P(1 + r/n)^(nt) for a certificate of deposit with rate r compounded n times per year over t years.
$10,000 in a 2-year CD at 4.5% compounded monthly grows to about $10,940.
A CD is a time deposit that pays a fixed rate for a set term. Withdrawing early usually triggers a penalty.
Most CDs compound daily or monthly. More frequent compounding yields a slightly higher maturity value for the same nominal rate.
Fixed-rate CDs guarantee the stated rate for the full term. Variable-rate CDs can change with market conditions.
Browse all Financial Calculators