Certificate of deposit growth: deposit amount, APY and term to maturity value.
FV = P × (1 + APY)^t, where t = months ÷ 12
$10,000 at 4.50% APY for 12 months matures at $10,450 — $450 earned, fully predictable.
CDs lock a guaranteed rate for the term, removing market risk entirely. The trade-off is liquidity: early withdrawals typically forfeit several months of interest.
Splitting money across staggered maturities (e.g., 6/12/18/24-month CDs) balances rate-locking with regular access to funds as each rung matures.
Yes — interest is taxed as ordinary income in the year earned (outside tax-advantaged accounts).
Most banks auto-renew into a new CD at then-current rates unless you instruct otherwise during the grace window.
Estimate monthly mortgage payments including principal, interest, taxes and insurance for any home price.
Work out the monthly payment, total interest and total repayment for any personal or business loan.
Estimate car payments from vehicle price, down payment, trade-in value, APR and term.
Watch money grow with compounding — add regular contributions and choose any compounding frequency.
See how long a credit card balance takes to clear at your payment level and what you'll pay in interest.
Tip and total per person for any bill — split evenly among any group size.