Calculate the maturity value of a certificate of deposit based on the deposit amount, APY, and term.
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CD Maturity Value
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Interest Earned—
Formula
Maturity Value = Deposit × (1 + APY)^(months / 12).
Example
A $10,000 CD at 4.5% APY for 12 months matures to about $10,450, earning $450 in interest.
Not tax or financial advice. This calculator provides general estimates based on published 2026 figures. Always confirm important figures with the IRS, SSA, your state tax agency, a licensed lender, or a qualified professional.
Frequently Asked Questions
What happens if I withdraw early?
Most CDs charge an early withdrawal penalty, often equal to several months of interest, so funds are generally meant to stay locked for the full term.
Is CD interest taxable?
Yes, CD interest is generally taxable as ordinary income in the year it is earned or credited, even if held in the account.