Login Menu About Calculators Certificate of Deposit Use this calculator to find out how much interest you can earn on a Certificate of Deposit (CD). Just enter a few pieces of information and we will calculate your annual percentage yield (APY) and ending balance. Click on the "View Report" button to see a detailed schedule of your CD's balance and interest earned. Financial Calculators from Dinkytown.net Financial Calculators ©1998-2021 KJE Computer Solutions, Inc. compounded daily compounded monthly compounded quarterly compounded semi-annually compounded annually Definitions Initial deposit The starting balance of your CD. Months The term of the CD, expressed in months. Interest rate The published interest rate for this CD. Make sure to enter the actual interest rate, not the annual percentage yield (APY). It is important to remember that these scenarios are hypothetical and that future interest rates can't be predicted with certainty. Compounding The interest earned on your CD is added to your CD balance at regular intervals. This is called "compounding." This calculator allows you to choose the frequency that your CD's interest income is compounded. The more frequently this occurs, the sooner your accumulated interest income will generate additional interest. You may wish to check with your financial institution or account opening documents to find out how often interest is being compounded on your CD. Annual percentage yield (APY) This is the effective annual interest rate earned for this CD. A CD's APY depends on the frequency of compounding and the interest rate. Since APY measures your actual interest earned per year, you can use it to compare CDs that have different interest rates and compounding frequencies. Looking to Save More? A Certificate of Deposit lets you lock in a higher rate for a set length of time, anywhere from 90 days to 5 years, delivering guaranteed earnings. Learn more Get Started with a Trusted Advisor For more information about our products and services, contact our Customer Solutions Center. Contact us today ‹ Back to all calculators 800-226-5877 24/7 Banking 800-475-2265 Customer Solutions Center Tambien disponible en Español Ver detalles Subscribe Stay up-to-date with our latest insights. Enter your email Submit Popular Links Meet Our Team Checking Accounts Mortgages Loan Rates Commercial Banking Investor Relations Tools & Resources Branches & Locations Customer Solutions Center Security Center Lost Debit Card Español Contact Us Routing Number: 011500858 Download Our Apps Follow Us LinkedIn Twitter Facebook Instagram YouTube Blog Equal Housing Lender Member FDIC NMLS#414726 Important Information about FDIC Insurance Coverage NMLS Registered Lenders Accessibility Disclosures Español Sitemap © Washington Trust Routing Number: 011500858