Steady growth helps you reach your goals
How much will your Limelight Bank CD be worth at maturity? This calculator helps you find out quickly. Enter information about your initial deposit, term and interest rate, and you’ll see your ending balance. You also can run detailed schedules of your CD’s balance and interest earned over time.
The starting balance of your CD.
The term of the CD, expressed in months.
The published interest rate for this CD. Make sure to enter the actual interest rate, not the annual percentage yield (APY). It is important to remember that these scenarios are hypothetical and that future interest rates can’t be predicted with certainty.
The interest earned on your CD is added to your CD balance at regular intervals. This is called “compounding.” This calculator allows you to choose the frequency that your CD’s interest income is compounded. The more frequently this occurs, the sooner your accumulated interest income will generate additional interest. You may wish to check with your financial institution or account opening documents to find out how often interest is being compounded on your CD.
Annual percentage yield (APY)
This is the effective annual interest rate earned for this CD. A CD’s APY depends on the frequency of compounding and the interest rate. Since APY measures your actual interest earned per year, you can use it to compare CDs that have different interest rates and compounding frequencies.
*Annual Percentage Yield (APY). Fees could reduce earnings on the account. An early withdrawal penalty may apply.