Total Interest Earned:
Initial Deposit:
*Calculated by the CD Calculator - cdcalculator.cc
Balance | Interest Per Period | Cumulative Interest |
---|
Your Total Balance After Will Be
*Calculated by the CD Calculator - cdcalculator.cc
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.
Using a CD Calculator helps you estimate potential earnings, compare different CD options, and choose the best investment based on your financial goals.
To calculate your CD earnings, input your initial deposit, CD term length, APY, and compounding frequency into the CD Calculator, then click the "Calculate" button. Youβll see the amount of interest youβd earn over the CDβs term and the final value of your investment.
CD Calculator results show your total earnings, interest earned, and final balance at the end of the term. Our CD Calculator also provide chart and table to present the results in more detail, helping you understand your investment's performance more easily.
*Understand all the terms and use the CD Calculator more accurately.
Our CD Calculator using APY to calculate. It is important to make the distinction between annual percentage yield (APY) and annual percentage rate (APR). Banks tend to use APR for debt-related accounts such as mortgages, credit cards, and car loans, whereas APY is often related to interest-accruing accounts such as CDs and money market investments. APY denotes the amount of interest earned with compound interest accounted for in an entire year, while APR is the annualized representation of the monthly interest rate. APY is typically the more accurate representation of effective net gains or losses, and CDs are often advertised in APY rates.
The interest earned on a CD depends on the initial deposit, APY, term length, and compounding frequency, which can be easily calculated using a CD Calculator.