Truist Bank 1-Year CD Rates Calculator
Certificates of Deposit (CDs) are a type of savings account that offers a fixed interest rate for a specified term. Truist Bank offers various CD terms, including a 1-year option, which can be an attractive way to grow your savings with predictable returns.
When considering a 1-year CD from Truist Bank, it's important to understand how the Annual Percentage Yield (APY) will affect your overall earnings. The APY takes into account the interest rate and the compounding frequency. Our calculator helps you estimate your potential earnings based on the initial deposit amount and the current 1-year CD APY offered by Truist Bank.
Using this calculator is simple. Enter the amount you plan to deposit and the current 1-year CD APY offered by Truist Bank. The calculator will then provide an estimate of the total amount you will have at the end of the 1-year term, including your initial deposit and the earned interest. This allows you to compare different potential investments and understand the growth of your money over the year.
Remember that CD rates can fluctuate. It's always a good idea to check the latest rates directly with Truist Bank before making an investment decision.