1. What is CD Maturity Date?

The maturity date of a Certificate of Deposit (CD) is the date when the principal amount becomes available to the investor along with any accrued interest. It marks the end of the CD's term.

2. How Does the Calculator Work?

The calculator uses the simple formula:

Where:

• \( Issue \) — The date when the CD was issued
• \( Term \) — The duration of the CD in months

Explanation: The calculator adds the term (in months) to the issue date to determine when the CD will mature.

3. Importance of Maturity Date Calculation

Details: Knowing the exact maturity date helps investors plan their finances, avoid early withdrawal penalties, and schedule reinvestment of funds.

4. Using the Calculator

Tips: Enter the exact issue date and the term in months. The calculator will compute the maturity date, accounting for varying month lengths.

5. Frequently Asked Questions (FAQ)

Q1: What happens if the maturity date falls on a weekend or holiday?
A: Most banks will process the maturity on the next business day.

Q2: Can I withdraw my money before the maturity date?
A: Yes, but early withdrawals typically incur penalties that reduce your earnings.

Q3: How accurate is this calculator?
A: It provides the exact maturity date based on the term and issue date you enter.

Q4: Does this account for leap years?
A: Yes, the PHP date functions automatically account for leap years in calculations.

Q5: What should I do when my CD matures?
A: You typically have a grace period to withdraw funds or reinvest them in a new CD.