Calculate Yield at Maturity

Your Savings at Maturity

Value at Maturity
Interest Earned
Average Monthly Interest
Annual Percentage Yield (APY)

A certificate of deposit (or CD) is a savings instrument offered by a bank that has a fixed date of maturity and a fixed interest (“dividend” for state-chartered credit unions) rate. A credit union might use the term Share Certificate, Term Certificate or just Certificate to refer to the same product. Most Share Certificates require a minimum deposit amount and may offer dividend rates contingent on the size of the deposit. The dividends you earn on your deposit depends on the dividend rate, the term of the deposit and the compounding method. Deposits that compound with greater frequency will have a higher Annual Percentage Yield (APY). Your APY is the effective annual rate of return once the effect of compounding dividend is factored in. Most Share Certificates restrict access to the funds until the Share Certificate reaches its maturity date.