Savings Calculators
Certificate of Deposit Calculator
Calculate the maturity value of a fixed-term deposit at a given rate and compounding frequency.
Value at maturity
$22,885
- Interest earned
- $2,885
- Effective annual yield
- 4.59%
Yr 1Yr 2Yr 3
How this calculator works
A = P × (1 + r/n)^(n × t)
- n
- compounding periods per year
- t
- the term in years
Important considerations
- Early withdrawal usually forfeits some interest.
- Interest is generally taxable in the year it is credited.
Related calculators
- Compound Interest CalculatorProject the growth of a balance with compounding and regular contributions.
- Savings Goal CalculatorMonthly saving needed to hit a target.
- Money Market CalculatorHigh-yield savings balance over time.
- Simple Interest CalculatorInterest charged on the original amount only.
- Emergency Fund CalculatorEmergency fund target and time to build it.
- Budget CalculatorNeeds, wants and savings from your take-home pay.
Learn more
Terms used here
Frequently asked questions
Does daily compounding matter?
It helps, but the difference against monthly compounding is small at typical deposit rates.
Disclaimer
Legamoney calculators are educational tools. Results are estimates based on the figures you enter and do not constitute financial, tax or legal advice.
Last reviewed 2026-08-01