CD Interest Calculator

CD Early Withdrawal Penalty Calculator

Estimate how an early withdrawal could reduce your CD interest and affect your overall return.

CD Interest Calculator

$

Enter an amount between $1 and $10,000,000.

Quick amount
Rate Type
%
Quick rate
CD Term
Compounding
Included in APY

APY already accounts for compounding.

Your CD Return

Ending Balance
$10,450.00
Initial Deposit
$10,000.00
Interest Earned
+$450.00
Total Return
4.50%

A $10,000 CD earning 4.50% APY for 12 months would grow to approximately $10,450.00, including $450.00 in interest.

Estimates are based on the information you enter and may differ from the actual amount paid by a bank.

Balance Growth

Balance growth chartThe balance grows from $10,000.00 at the start to approximately $10,450.00 over 12 months.$10.5K$10.3K$10.1K$9.9KStartMonth 6Month 12

Compare CD Rates

How different rates affect your balance over the same term.

CD rate comparison using your deposit and term
APYInterest EarnedEnding Balance
4.00%$400.00$10,400.00
4.50%Current$450.00$10,450.00
5.00%$500.00$10,500.00
5.50%$550.00$10,550.00

Compare CD Terms

How your balance changes across common CD terms at your current rate.

CD term comparison using your deposit and rate
TermInterest EarnedEnding Balance
3 months$110.65$10,110.65
6 months$222.52$10,222.52
12 monthsCurrent$450.00$10,450.00
24 months$920.25$10,920.25
36 months$1,411.66$11,411.66
60 months$2,461.82$12,461.82

Understanding CD Early Withdrawal Penalties

Most CDs charge a penalty if you withdraw money before the maturity date. The penalty is usually described as a number of months of interest, such as 90 days or 180 days of interest. The exact amount depends on the bank and the CD term, so it is important to check the deposit agreement before opening or closing an account.

An early withdrawal can reduce the interest you have earned. In some cases, the penalty can also reduce part of your principal. This calculator helps you estimate your CD balance and interest first, then you can compare that result against the penalty your bank describes.

How to Estimate an Early Withdrawal

Enter your initial deposit, rate, and CD term to see the projected interest and ending balance at maturity. Then check your bank's early withdrawal policy to find how many months of interest it would charge. Compare that penalty with the interest you have earned at the time of withdrawal.

For a broader view of your CD options, use the CD Calculator or the CD Ladder Calculator.

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CD Ladder Calculator

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CD Early Withdrawal Penalty Calculator

Estimate how an early withdrawal could affect your CD earnings.