CD Calculator
!Value at End of Term
Total Interest Earned:
Initial Deposit:
*Calculated by the CD Calculator - cdcalculator.cc
Ready to see how much you can earn on your savings? Use our free CD calculator interest tool now to find the best CD rates for you! Click "CD Calculator" and take the first step towards maximizing your earnings today!
Accumulation Schedule - CD Calculator
| Balance | Interest Per Period | Cumulative Interest |
|---|
Your Total Balance After Will Be
*Calculated by the CD Calculator - cdcalculator.cc
Ready to see how much you can earn on your savings? Use our free CD calculator interest tool now to find the best CD rates for you! Click "CD Calculator" and take the first step towards maximizing your earnings today!
What Is a Certificate of Deposit?
A Certificate of Deposit (CD) is a fixed-term investment offered by banks, where you deposit money for a specified period in exchange for a higher interest rate than a regular savings account.
Why You Should Use a CD Calculator?
Using a CD Calculator helps you understand how much interest you'll earn from your investment, whether you want to calculate interest on a CD or compare CD rates. It allows you to make better financial decisions based on projected earnings.
How To Use This CD Calculator?
To use this CD APY Calculator, simply input your initial deposit, CD term length, annual percentage yield (APY), and select the compounding frequency. Click the "Calculate" button to find out how much interest you will earn and your total balance at the end of the term.
How To Read Your CD Calculator Results?
The results from the CD earnings calculator will show your total earnings, interest earned, and final balance at the end of the term. It accounts for your chosen compounding frequency, which could significantly impact your total earnings. Our CD Calculator also provide chart and table to present the results in more detail.
CD Terms To Know While Using a CD Calculator
- Initial Deposit: The amount of money you invest in the CD.
- CD Term Length: The duration for which your money is locked in the CD.
- Interest Rate: The published interest rate for this CD. Make sure to enter the actual interest rate, not the annual percentage yield (APY).
- Compounding Frequency: How often interest is added to the principal (e.g., daily, monthly, quarterly, semiannually, annually). If you don't know, use the default value "monthly". With a CD compound interest calculator, you can understand the impact of different frequencies on your earnings.
- Annual Percentage Yield (APY): The yearly interest rate that includes compounding effects.
*Understand all the terms and use the CD Calculator more accurately.
APY vs. APR
While both APY (Annual Percentage Yield) and APR (Annual Percentage Rate) are used to calculate interest, APY includes the effect of compounding, while APR only represents the simple interest rate. When calculating earnings, it's essential to use a CD APY calculator. For example, our CD calculator can calculate APY at the same time.
How Much Interest Will I Earn on a CD?
By using this CD rate calculator, you can estimate the interest earnings based on your CD's term, deposit, and APY. For example, the CD calculator compounded daily will give you a more precise interest estimate compared to other compounding frequencies.