2 Year Cd Calculator

The information you ll need is your initial deposit size how long the cd is invested for and the apy rate offered.

2 year cd calculator.

The best 2 year cd rates pay a little more than 3 times the national average of 0 33 percent apy according to bankrate s most recent national index survey of banks and thrifts. Average apys are based on high yield savings accounts of 10 000. It can also add to or subtract from a date. Just enter a few pieces of information and.

Compare rates on 2 year cds from banks and credit unions. When you buy a cd you invest a fixed amount typically 500 to 1 000 for a fixed period. Terms can range from six months to five years or more. For example instead of investing all funds into a 3 year cd the funds are used to invest in 3 different cds at the same time with terms of 1 2 and 3 years.

Like regular savings accounts cds are safe because they are. You may want to try our early withdrawal penalty calculator to compare a 2 year cd rate to the effective apy of a cd with a longer term and higher rate that is broken at the 2 year mark. Calculate the future value of an investment in a certificate of deposit cd. Using a cd calculator is simple.

Free date calculator computes the difference between two dates. Banks ranked by total deposits provided by informa research services inc. Click here to read more about features and tips related to 2 year cds. Learn more about the most common calendar system used today or explore hundreds of other calculators addressing finance math fitness health and more.

High yield savings rates. National average apys are based on specific product types of top 50 u s. Initial investment amount or present value that you are putting into your annuity term months enter the term of your cd annual interest rate interest rate rate of return. Both calculators can deal with business days and holidays.

As one matures making principal and earnings available proceeds can be optionally reinvested into a new cd or withdrawal. Nerdwallet s cd calculator shows what you can earn with a cd a type of savings account you leave untouched for months or years. A certificate of deposit is a unique kind of deposit account that generally provides a higher yield than a traditional savings account. Use the filter box below to customize your results.

Optionally calculate the taxes you will need to pay on earned interest. Average apys are based on certificate of deposit accounts of 25 000.