Glacier Bank CD Earnings Calculator
Estimate your Certificate of Deposit growth and interest income
Investment Outlook
How the Glacier Bank CD Calculator Works
This calculator helps savers across Montana, Idaho, and other regions served by Glacier Bank to project their returns on Certificates of Deposit (CDs). By inputting your planned deposit and the current APY offered by the bank, you can see exactly how much your money will grow over time through the power of daily compounding.
Key Components of Glacier Bank CD Rates
- Initial Deposit: The lump sum of money you place into the account at the start. Most CDs require a minimum deposit, often ranging from $500 to $2,500.
- APY (Annual Percentage Yield): This is the effective rate of return including the effect of compounding interest. Glacier Bank typically compounds interest daily and credits it to your account monthly.
- Term Length: The period your money is locked in. Glacier Bank offers terms ranging from short-term (3 months) to long-term (5 years or more).
Realistic Example Calculation
Suppose you open a 12-month Glacier Bank CD with $25,000 at an APY of 4.25%.
Using the daily compounding formula, your calculation would look like this:
- Principal: $25,000
- Interest Earned: $1,085.39
- Maturity Value: $26,085.39
Frequently Asked Questions
Yes. Glacier Bank is an FDIC-insured institution (FDIC #15331). Your deposits are insured up to $250,000 per depositor, per ownership category.
Withdrawing principal before the maturity date usually results in an early withdrawal penalty. This penalty often equals a certain number of days or months of interest, which could even reduce your original principal.
Glacier Bank typically provides a 10-day grace period after the maturity date. During this window, you can withdraw the funds or change the term. If no action is taken, the CD usually rolls over automatically into a new CD of the same term at the current prevailing rate.