Reviewed by: David Chen, CFA
David Chen is a Certified Financial Analyst with over 10 years of experience in finance.
David Chen is a Certified Financial Analyst with over 10 years of experience in finance.
This tool calculates the four variables in the CD/ APY calculation. Enter three variables and solve for the fourth.
CD & APY Calculator
Not calculated yet.
Formulas
F = P * (1 + (V / 100)) ^ Q
P = F / (1 + (V / 100)) ^ Q
V = ((F / P) ^ (1 / Q) - 1) * 100
Q = log(F / P) / log(1 + V / 100)
Formula Source: Investopedia
Related Calculators
What is a CD Calculator?
A Certificate of Deposit (CD) Calculator helps you estimate the potential return on investment for a certificate of deposit, taking into account the principal, interest rate, and duration of investment.
How to Calculate CD (Example)
- Step 1: Enter the future value, present value, interest rate, and time period.
- Step 2: Click “Calculate” to determine the unknown variable.
- Step 3: Review the results and see the calculation steps.
Frequently Asked Questions (FAQ)
What is a good interest rate for a CD? Typically, the higher the interest rate, the more you will earn, but it depends on the financial institution.
Can I withdraw money from a CD before maturity? Most CDs have early withdrawal penalties, so it’s advisable to wait until the term ends.