CD/Savings APY Calculator

Calculate returns on Certificates of Deposit (CDs) and high-yield savings accounts. Compare different APY rates, compounding frequencies, and terms to maximize your earnings.

Account Details

CD vs Savings Accounts

Certificates of Deposit (CDs)

Fixed-term savings with guaranteed returns. Higher rates than regular savings but requires locking funds for the term. Early withdrawal penalties typically apply.

High-Yield Savings

Variable rates that can change over time. Full liquidity with no withdrawal penalties. Best for emergency funds and short-term savings goals.

APY vs APR

APY (Annual Percentage Yield) includes compound interest, showing true earnings. APR (Annual Percentage Rate) doesn't account for compounding. Always compare APYs when shopping for rates.

Maximizing CD Returns

Use CD laddering to maintain liquidity and capture rates
Compare rates across multiple banks and credit unions
Consider online banks for typically higher rates
Check FDIC insurance coverage ($250,000 per depositor)
Calculate opportunity cost vs other investments

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