CD Calculator
Calculate how much interest you can earn with a Certificate of Deposit (CD) investment. Compare CD rates, terms, and total returns for your savings goals.
Step 1: CD Details
Understanding CD Terms
CDs are time deposits with fixed terms and interest rates. Early withdrawal penalties may apply. Typically, longer terms offer higher interest rates.
Step 2: Calculation Options
About Compounding
More frequent compounding (e.g., monthly vs annually) results in higher returns due to interest earning interest more often. This is known as compound interest.
CD Investment Results
Total CD Value at Maturity
CD Term Comparison
| Term | Interest Rate | Interest Earned | Total Value |
|---|
CD Growth Over Time
CD Calculation Formula
A = P × (1 + r/n)^(nt)
A = Total amount after time t, P = Principal amount (initial deposit), r = Annual interest rate (decimal), n = Number of times interest is compounded per year, t = Time in years.
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