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A Wells Fargo Certificate of Deposit (CD) offers an alternative way to grow your savings. You choose the set period of time to earn a guaranteed fixed interest rate, regardless of market conditions. Investing in a CD can provide peace of mind whether you're saving for tomorrow, next year's projects, college tuition, or retirement.
- Overview
- CD Calculator
- Starting Balance
- Total Months
- Interest Rate
- Accumulated Interest
- Annual Interest Rate
This article is about the Bankrate CD calculator, which helps to calculate the annual percentage yield (APY) and ending balance of a certificate of deposit (CD). It explains how APY is calculated, how much interest can be earned on a CD, when CDs pay interest and how they differ from savings accounts and money market accounts.
Use the Bankrate CD calculator to find out how much interest is earned on a certificate of deposit (CD). The calculator calculates the annual percentage yield (APY) and ending balance.
Enter the starting balance for your CD in the calculator.
Enter the total number of months for this CD to mature in the calculator.
Enter published interest rate, not APY, into the calculator. Future rates can't be predicted with certainty.
Choose frequency that interest income is added to account; more frequent compounding generates additional interest sooner. Check with financial institution about compounding frequency on particular CD.
The effective annual interest rate earned for this CD depends on compounding frequency and interest rate; use APY to compare CDs of different rates and frequencies .
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A CD (certificate of deposit) is a type of deposit account that’s payable at the end of a specified amount of time (referred to as the term). CDs generally pay a fixed rate of interest and can offer a higher interest rate than other types of deposit accounts, depending on the market.
Jan 22, 2024 · 5-year: 0.03% APY. NerdWallet rating. Read review. Bank of America offers a wide range of terms for certificates of deposit and a low minimum deposit requirement, but the rates...
Mar 21, 2024 · Find out what you can earn with Bank of America’s CDs by plugging the numbers into our CD calculator: How Bank of America’s CDs Compare. Most of Bank of America’s CD yields are much...
- Ben Gran
Standard Interest Rate CDs require a $2,500 minimum opening deposit, unless otherwise noted. The interest rates and Annual Percentage Yields displayed here are for the Wells Fargo Bank locations in the California counties of Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, Solano and Sonoma.
2 days ago · Our CD calculator helps you find out how much interest you’ll earn on a CD. The results reflect the total interest earned and the final value of your CD account at the end of the term. For a...