CD Ladder: 2-Year Cycle
1/1/2009 ###### Total Investment ###### Interest After 1st Maturity 111.20 $ Interest After 2nd Maturity113.74 $ Interest After 3rd Maturity 116.34 $ Total Interest after 6 Years341.28 $ Total Investment Value ######
Start Date Invested (Each CD)
CD Rates CD CD 1 CD 2 CD 3 CD 4 CD 5 Term (Mos) 6 9 12 18 24 APY 1.75% 1.90% 2.30% 2.45% 2.80% Interest Rate 1.75% 1.89% 2.28% 2.43% 2.77% Account Information www.discoverbank.com www.discoverbank.com www.discoverbank.com www.discoverbank.com www.discoverbank.com
*Interest accrues daily and compounds yearly
Instructions:
Items in yellow: Change the start date to the date of initial deposit. Change the total amount invested to match your investment amount. Change the interest rates and APY to match that offered by your account. Insert any account information into account information. The rest will calculate for you.
1st Purchase CD Start Maturity CD 1 1/1/2009 7/1/2009 CD 2 1/1/2009 10/1/2009 CD 3 1/1/2009 1/1/2010 CD 4 1/1/2009 7/1/2010 CD 5 1/1/2009 1/1/2011 Total
Interest $ 17.50 $ 18.90 $ 22.80 $ 24.30 $ 27.70 #####
Value $ 1,017.50 $ 1,018.90 $ 1,022.80 $ 1,024.30 $ 1,027.70 ######
2nd Purchase (Roll-over After 1st Maturity) CD Start Maturity Interest Value CD 1 7/1/2009 1/1/2010 $ 17.81 $ 1,035.31 CD 2 ###### 7/1/2010 $ 19.26 $ 1,038.16 CD 3 1/1/2010 1/1/2011 $ 23.32 $ 1,046.12 CD 4 7/1/2010 1/1/2012 $ 24.89 $ 1,049.19 CD 5 1/1/2011 1/1/2013 $ 28.47 $ 1,056.17 Total ##### ###### 3rd Purchase (Roll-over After 2nd Maturity) CD Start Maturity Interest Value CD 1 1/1/2010 6/1/2011 $ 18.12 $ 1,053.42 CD 2 7/1/2010 1/1/2012 $ 19.62 $ 1,057.78 CD 3 1/1/2011 11/1/2012 $ 23.85 $ 1,069.97 CD 4 1/1/2012 1/1/2014 $ 25.50 $ 1,074.69 CD 5 1/1/2013 4/1/2015 $ 29.26 $ 1,085.42 Total ##### ###### Provided by www.gobankingrates.com