Chase CD Earnings Calculator
Estimate your Certificate of Deposit growth based on current Chase relationship and standard yields.
Projection Summary
How a Chase CD Calculator Works
A Chase CD (Certificate of Deposit) is a time-bound savings account that typically offers higher yields than a standard savings account in exchange for leaving your funds untouched for a specific period. This calculator uses the compound interest formula to determine exactly how much your deposit will grow by the maturity date.
The math behind the calculation follows the standard financial formula: A = P(1 + r/n)^(nt). Here, "A" represents the final maturity value, "P" is your initial deposit, "r" is the annual yield (APY) as a decimal, "n" is the number of times interest compounds per year, and "t" is the time in years.
Chase Standard vs. Relationship Yields
When using this calculator, it is important to distinguish between standard rates and "Relationship Rates." Chase often offers significantly higher yields to customers who link their CD to a qualifying Chase personal checking account. To maximize your returns, check if your current checking account status qualifies you for these boosted figures.
Realistic Example of Growth
Suppose you deposit $25,000 into a 12-month Chase CD with a relationship yield of 4.00% APY, compounded daily. At the end of the one-year term, your total maturity value would be approximately $26,019.85. This results in a total growth of $1,019.85, or roughly $84.99 per month in passive earnings.
Terms and Penalties
Chase offers CD terms ranging from 1 month to 10 years. While the liquidity is lower than a savings account, the fixed yield provides protection against falling market rates. However, be aware of "Early Withdrawal Penalties." If you access your funds before the term ends, Chase may charge a penalty consisting of a portion of the interest earned, which could potentially reduce your original principal if the interest hasn't accumulated sufficiently yet.
Strategic CD Laddering
Many investors use this calculator to plan a "CD Ladder." By splitting a large deposit into several smaller CDs with different maturity dates (e.g., 6 months, 12 months, 18 months), you can maintain periodic access to cash while still capturing the higher yields offered by long-term certificates.