APY Calculator for Term Deposits

Q

If you are making a Term Deposits, often called Certificate of Deposit (CD) at a bank, you can use this online tool to calculate the APY (Annual Percentage Yield) from a given interest rate and a compounding frequency. The given interest rate is the nominal interest rate, also called APR (Annual Percentage Rate).

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A

APY and other information calculated by FYIcenter.com:

APY (Annual Percentage Yield): 5.0945%
Given APR (Annual Percentage Rate): 5.00%
Compounding frequency: Annually
Compounding periods: 1
Deposit term: 3 months (or 92 days)
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Deposit date: 2025-11-02
Maurity date: 2026-02-02
Deposit amount: $1,000.00
Interest at maturity: $12.50
Value at maturity: $1,012.50

The following formulas are used in the above calculations:

 $APY = {(1 + \frac{APR}{N})}^{N} - 1$ 
 $N = Number of compounding periods in a year$

References:

"Formula and Calculation of Annual Percentage Yield (APY)" by James Chen.

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2025-03-14, ∼1063🔥, 0💬

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Deposit term	Months Years
Compounding frequency	Daily Monthly Annually
Deposit amount $
Deposit date	YYYY-MM-DD