CD Rate Calculator - Certificate of Deposit Rate Calculator
Compare certificate of deposit rates from different banks using our CD interest rate calculator and bank CD rate calculator. This CD rate comparison calculator helps you calculate CD rate from interest earned, supports CD rate calculator with compounding, and provides CD rate calculator by term to find the best rates for your investment.
CD Details
Total: 12 months (1.0 years)
Rate Comparison: Interest Earned
Rate Sensitivity Analysis (±0.5%)
Impact: A 0.5% rate change results in approximately $52.69 difference in interest (before tax).
What is a CD Rate Calculator?
A CD rate calculator (also called a CD interest rate calculator, certificate of deposit rate calculator, or bank CD rate calculator) is an essential tool for comparing certificate of deposit rates from different banks and financial institutions. With CD rates varying significantly between providers, our CD rate comparison calculator helps you:
- Compare CD rates across multiple banks using our CD rate calculator by term
- Calculate returns based on different interest rates with CD rate calculator with compounding
- Calculate CD rate from interest earned to reverse-engineer the best rates
- Understand how rate changes affect your earnings
- Make informed decisions about CD investments
How CD Rates Work
CD rates are determined by several factors including the Federal Reserve's interest rate policy, bank competition, term length, and deposit amount. Longer-term CDs typically offer higher rates, while larger deposits may qualify for premium rates.
Our CD rate calculator uses the compound interest formula to show you exactly how much you'll earn at different rates, helping you find the best CD rates for your investment goals.
Factors That Affect CD Rates
Federal Reserve Policy
When the Fed raises rates, CD rates typically increase. When rates fall, CD rates follow.
Term Length
Longer terms (3-5 years) usually offer higher rates than shorter terms (3-12 months).
Bank Competition
Online banks often offer higher rates than traditional banks to attract deposits.
Deposit Amount
Some banks offer premium rates for larger deposits (e.g., $25,000+).
How to Compare CD Rates
When comparing CD rates, always use APY (Annual Percentage Yield) rather than APR. APY accounts for compounding frequency and gives you the true return. Our CD rate calculator (including our CD rate calculator with compounding and CD rate calculator by term) automatically calculates APY for accurate comparisons. Use our CD rate comparison calculator to evaluate multiple offers side-by-side.
Pro Tip:
Compare rates from at least 3-5 different banks using our bank CD rate calculator. Online banks and credit unions often offer the best CD rates. Use our CD interest rate calculator to see the exact difference in earnings. You can also calculate CD rate from interest earned to verify advertised rates.
Current CD Rate Trends
CD rates fluctuate based on economic conditions and Federal Reserve policy. As of 2024, CD rates have been rising, making CDs an attractive option for conservative investors seeking guaranteed returns.
Use our CD rate calculator to see how current rates compare to historical averages and determine if now is a good time to lock in a CD rate.