Use this calculator to build your own CD laddering strategy using State Farm Bank's current CD rates and annual percentage yields¹.

Instead of simply letting your matured CDs rollover, you can purchase multiple CDs with different maturity dates and take advantage of higher interest rates that are normally associated with longer-term CDs, and still maintain frequent access to a portion of your money. By staggering your CD investments using a strategy known as "CD laddering," you can typically increase the earnings potential on your CD portfolio while maintaining greater access to portions of your money for the duration of the investment lifespan.

¹Calculator assumes that as each CD in the ladder matures, it is re-invested for the term, rate and Annual Percentage Yield (APY) associated with the longest term CD in the laddered portfolio illustrated below. Calculator assumes that rates do not change during the period and that interest is reinvested. Interest is calculated assuming an equal number of days in each month. Actual amounts earned may vary. CD rates are fixed once the CD is opened. Rates are subject to change daily. Penalties may apply for early withdrawal.

The results provided by this calculator are intended for comparative purposes only and accuracy is not guaranteed. State Farm Bank is not a tax or legal advisor. This calculator is not intended to offer any tax, legal or financial advice and does not assure the availability of or your eligibility for any specific product offered by State Farm Bank, its affiliates or any other financial institution. The terms and conditions of products offered by financial institutions will differ and may affect the results of the calculator. Please consult with qualified professionals to discuss your situation.