Estimate your Certificate of Deposit earnings based on current PSECU yield structures.
Daily
Monthly
Quarterly
Annually
Ending Balance:$0.00
Total Dividends Earned:$0.00
Understanding Your PSECU CD Investment
A Certificate of Deposit (CD) is a low-risk savings tool offered by credit unions like PSECU. Unlike a standard savings account, a CD requires you to leave your money in the account for a fixed period (the term) in exchange for a higher yield. This calculator helps you determine exactly how much interest (or dividends, in credit union terminology) your deposit will generate by the maturity date.
How the Calculation Works
The growth of a CD is determined by compound interest. The formula used in this tool is:
A = P (1 + r/n)^(nt)
P = Initial Deposit Amount
r = Annual Percentage Yield (APY) expressed as a decimal
n = Number of times interest is compounded per year
t = Time the money is invested (in years)
Real-World Example
Suppose you open a 24-month PSECU CD with $5,000 at an APY of 4.00% with monthly compounding. After two years, your calculation would look like this:
Initial Principal: $5,000.00
Dividends Earned: $416.22
Final Maturity Value: $5,416.22
Key Factors to Consider
When using this PSECU CD rates calculator, keep in mind that PSECU often offers special "Certificate Specials" with unique terms (like 7-month or 13-month terms). Ensure you input the exact number of months to get an accurate projection. Additionally, remember that withdrawing funds before the maturity date usually results in an early withdrawal penalty, which can reduce your total earnings and potentially some of your principal.
function calculatePSECUCD() {
var deposit = parseFloat(document.getElementById("depositAmount").value);
var apy = parseFloat(document.getElementById("yieldAPY").value) / 100;
var months = parseFloat(document.getElementById("termDuration").value);
var frequency = parseInt(document.getElementById("compoundFreq").value);
if (isNaN(deposit) || isNaN(apy) || isNaN(months) || deposit <= 0) {
alert("Please enter valid positive numbers for all fields.");
return;
}
// Convert months to years for the formula
var years = months / 12;
// Compound Interest Formula: A = P(1 + r/n)^(nt)
var totalValue = deposit * Math.pow((1 + (apy / frequency)), (frequency * years));
var dividends = totalValue – deposit;
// Display Results
document.getElementById("totalBalance").innerText = "$" + totalValue.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById("totalDividends").innerText = "$" + dividends.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById("resultsArea").style.display = "block";
}