Share Certificate Laddering

Ladder your certificates so money matures regularly while capturing longer-term rates.

Your numbers

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Your ladder

Blended APY
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Splits your money evenly across certificates maturing 1…N years out, with rates interpolated between the short and long APY. As each matures, reinvest it into a new longest rung. Illustrative.
About this calculator

Share Certificate Laddering

This calculator builds a share certificate ladder across rungs maturing one to N years out and shows the blended yield.

How a certificate ladder works

Laddering splits your money across several certificates that mature in different years, so a portion comes due each year and can be reinvested. This tool spreads your total evenly across the rungs and interpolates each rung's rate between your one-year and five-year APY inputs. The result gives you regular access to cash while still capturing longer-term rates.

Why the blended yield matters

The blended yield is the weighted average return across all rungs, giving you a single number to compare against a single certificate. Because longer rungs usually pay more, a ladder often yields more than keeping everything in short-term certificates. It also reduces the risk of locking your entire balance in right before rates rise.

How to use it

  1. Enter the total amount you want to invest.
  2. Enter the number of rungs in your ladder.
  3. Enter the one-year APY.
  4. Enter the five-year APY and review the blended yield.

Frequently asked questions

What is the benefit of laddering instead of one certificate?

A ladder gives you a maturing rung each year for liquidity while still earning longer-term rates on the rest. It also smooths out the effect of changing interest rates over time.

How are the in-between rates calculated?

The tool interpolates each rung's rate on a straight line between your one-year and five-year APY inputs. Actual credit union rates may differ from this estimate.

What do I do when a rung matures?

Many people reinvest each maturing rung into a new longest-term certificate to keep the ladder going. You can also take the cash if you need it that year.

See the exact formula and a worked example on our methodology page.

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