Savings & Investing
CD & Savings Yield
APY, maturity value and after-tax return on a certificate of deposit.
Your numbers
Value at maturity
$27,213.84
- APY
- 4.334%
- Interest earned
- $2,213.84
- After-tax interest
- $1,726.80
CD rates are locked for the term, and pulling money out early usually costs you several months of interest. Interest is taxable in the year it is credited, even if you leave it in the account.
CD & Savings Yield explained simply
Banks pay you to keep money with them. This shows how much you'd earn, including the small boost you get from interest being added over and over.
For example
$10,000 in a 5% CD for 2 years grows to about $11,025, a bit more than 5% twice because of compounding.
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