3 Year Cd Calculator

The nominal annual interest rate in decimal form is 5 6 100 0 056 using the formula above we get.

3 year cd calculator.

Initial investment amount or present value that you are putting into your annuity term months enter the term of your cd annual interest rate interest rate rate of return. Use the filter box below to customize your results. How much will his cd be worth at maturity. Use the bankrate cd calculator to find out how much interest is earned on a certificate of deposit cd.

Also try our early withdrawal penalty calculator to compare a 3 year cd rate to the effective apy of a cd with a longer term and higher rate that is broken at the 3 year mark. Cd calculators allow you to quickly determine how much you re going to make with a particular cd option. Optionally calculate the taxes you will need to pay on earned interest. Cd calculator calculate your earnings and more.

Use this cd calculator to see the best guaranteed return on your money. Just enter a few pieces of information and. A certificate of deposit is a unique kind of deposit account that generally provides a higher yield than a traditional savings account. Terms can range from six months to five years or more.

Calculate the future value of an investment in a certificate of deposit cd. Kevin deposits 3 000 in a 1 year certificate of deposit cd at 5 6 annual interest compounded daily. Input term length and interest rate to see total interest earned. How much will his cd be worth at maturity.

With 2 000 minimum balance. For example instead of investing all funds into a 3 year cd the funds are used to invest in 3 different cds at the same time with terms of 1 2 and 3 years. As long as you re getting a cd through a trusted banking partner that is fdic insured or ncua insured the major difference between options will be the rate of return. Why use a cd calculator.

The rates featured on this page are much higher than the national average rate of 0 29 apy for three year cds. See our picks. Click here to read more about features and tips related to 3 year cds. As one matures making principal and earnings available proceeds can be optionally reinvested into a new cd or withdrawal.

Jumbo 1 year cd.