What is the difference between APY and a nominal rate?
APY already includes the effect of compounding over one year. A nominal rate is converted using the selected compounding frequency before the estimate is calculated.
How are monthly contributions treated?
This estimate adds each recurring contribution at the end of the month after that month's estimated growth. Actual CD products may have different deposit rules.
Does the calculator include taxes and inflation?
Yes. It estimates tax on earned interest using your entered tax rate, then discounts the after-tax maturity balance by the entered annual inflation rate.
Is this CD calculator financial advice?
No. It is an educational estimate only. Actual CD terms, withdrawal penalties, tax treatment, rate changes, and deposit rules can differ.