Enter your deposit, APY, and term to see exact maturity value, monthly interest, early withdrawal cost, and a month-by-month balance chart.
CDs offer higher rates than regular savings accounts in exchange for locking up your money for a fixed term. Early withdrawal penalties typically range from 3–12 months of interest. CD laddering — splitting deposits across multiple terms (3mo, 6mo, 1yr, 2yr, 5yr) — provides both higher rates and regular liquidity windows. Always compare CD APY to the best HYSA rates before locking in.