Money Market Yield (CD-Equivalent) Calculator
Convert between bank-discount, money-market (360-day) and bond-equivalent (365-day) yields for short paper.
Formula
Three yields, one instrument: the discount rate (divides by face), money-market yield (divides by price, 360 days) and BEY (price, 365 days). Always convert to a common basis before comparing CP against bills against CDs.
Not financial advice — for informational and analytical use only. Verify all figures with a qualified professional before acting on them.
Need money market yield calculator results fast? Analysts, founders, traders and finance professionals use the Money Market Yield Calculator to skip the spreadsheet and get a defensible answer in one step — free, private and instant.
About Money Market Yield (CD-Equivalent) Calculator
Convert between bank-discount, money-market (360-day) and bond-equivalent (365-day) yields for short paper. Three yields, one instrument: the discount rate (divides by face), money-market yield (divides by price, 360 days) and BEY (price, 365 days). Always convert to a common basis before comparing CP against bills against CDs. The governing relationship is MMY = 360·d / (360 − d·t). The Money Market Yield Calculator computes entirely in your browser — free, private (your figures never leave your device) and instant, recalculating live as you change any input.
How to use Money Market Yield (CD-Equivalent) Calculator
- 1Enter Bank-discount rate (%), Days to maturity into the Money Market Yield Calculator.
- 2The result is computed automatically using MMY = 360·d / (360 − d·t) — there is no button to press.
- 3Change any input to model a different scenario, then copy or share the result.
Why use Money Market Yield (CD-Equivalent) Calculator?
- ✓Computes money market yield calculator instantly with the correct formula — no spreadsheet needed
- ✓100% free and unlimited, with no sign-up, login or paywall
- ✓Runs entirely in your browser, so the figures you enter stay private
- ✓Shows the formula, a live worked example and references so you can defend the number
Frequently asked questions
What is the formula behind the Money Market Yield Calculator?+
Money Market Yield Calculator uses MMY = 360·d / (360 − d·t). Three yields, one instrument: the discount rate (divides by face), money-market yield (divides by price, 360 days) and BEY (price, 365 days). The tool substitutes your actual inputs into this relationship and shows the worked example step by step.
What inputs does the Money Market Yield Calculator need?+
Enter Bank-discount rate (%), Days to maturity and the result updates immediately — there is no button to press. Change any value to model a different scenario in real time.
Is the Money Market Yield Calculator free, and is my data private?+
Yes — it is completely free with no sign-up or usage limit, and it runs entirely in your browser, so the numbers you enter are never uploaded or stored on any server. It is for informational and analytical use, not financial advice.
What should I watch out for when using the Money Market Yield Calculator?+
Always convert to a common basis before comparing CP against bills against CDs.
What is the Money Market Yield Calculator based on?+
The method follows authoritative sources: Stigum's Money Market, 4th ed. — yield mathematics. The formula and references are shown on the page so you can verify and cite the result.
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