A Certificate of Deposit (CD) is a savings product offered by US banks that pays a fixed interest rate in exchange for locking your money away for a set term.
CDs are low-risk and typically offer higher rates than standard savings accounts.
Calculate Your CD Maturity Value
Disclaimer : Enter numbers in your local currency — the calculation works the same regardless of currency.
Maturity Value = P × (1 + r/n)^(n × t)
If Principal = 10000, Rate = 4.5%, Term = 3 years, Monthly compounding
Maturity Value ≈ 11,446.28