Formula for Calculating CD Interest. A = P (1+r/n)(nt) A is the total that your CD will be worth at the end of the term, including the amount you put in. P is the principal, or the amount you deposited when you bought the CD. R is the rate, or annual interest rate, expressed as a decimal. If the interest rate is 1.25% APY, r is 0.0125. Traditional CD: This is your standard CD with a fixed term and interest rate. High-yield CD: These CDs offer higher-than-average interest rates. Jumbo CD: These CDs have high minimum deposit Fed rate hikes lead to higher CD yields. As the Fed began raising interest rates in early 2022, you were stuck with anaemic yields on your savings. For instance, a one-year CD offered just 0.15% Current IRA CD rates range from less than 0.50% APY to 5.00% APY or higher, but this is subject to change. CD rates have been increasing overall and may continue to rise in the near future. Some A CD ladder is a plan in which you split your total deposit into multiple CDs that each have different maturity dates. Instead of putting $10,000 into a 1-year CD, for example, you could divide CDs and share certificates are both types of low-risk deposit accounts that allow you to grow your money at a fixed rate. However, unlike checking and savings accounts, CDs and share certificates Enter the deposit amount, or the fixed amount of money you’re comfortable leaving in a CD untouched for the whole term. Enter the CD term length, and select years or months. Use whole numbers only. They require low opening deposits. Many high-yield CDs have minimum deposits at or below $5,000, and some don’t even have a minimum. Jumbo CDs, in contrast, typically require at least $100,000 aZZsg.