CD Auto-Renewal Calculator: The Cost of Renewing at the Standard Rate
Promotional CD rates can be far above an institution's standard rates. If the CD renews automatically at maturity, the new term earns the standard rate. Enter both rates to see the difference.
$405.00 less
Over 1 year, $10,000 earns $25.00 at the standard 0.25% instead of $430.00 at 4.30% — $405.00 per year.
Today's best 1 year CD rates
- Popular Direct 4.60% 12 months
- Barclays 4.50% 12 months
- Sallie Mae Bank 4.50% 12 months
- Capital One 4.40% 11 months
- Marcus by Goldman Sachs 4.40% 12 months
From the institutions we track, verified daily. See all rates.
How to avoid it
Note the maturity date, and during the grace period (often 7–10 days) withdraw the money or ask for the current promotional rate. Our institution pages show both promotional and standard rates where the institution publishes them.
Questions
Do all CDs renew automatically?
Most do, for the same term at the rate in effect on the renewal date. Some promotional CDs renew into a different, standard term. The account disclosure states what happens at maturity.