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Use this Certificate of Deposit (CD) calculator to help determine how much interest you will earn on a Certificate of Deposit. It also creates a detailed printable schedule of your Certificate of Deposit's balance and interest earned.
- Overview
- CD Calculator
- Starting Balance
- Total Months
- Interest Rate
- Accumulated Interest
- Annual Interest Rate
This article is about the Bankrate CD calculator, which helps to calculate the annual percentage yield (APY) and ending balance of a certificate of deposit (CD). It explains how APY is calculated, how much interest can be earned on a CD, when CDs pay interest and how they differ from savings accounts and money market accounts.
Use the Bankrate CD calculator to find out how much interest is earned on a certificate of deposit (CD). The calculator calculates the annual percentage yield (APY) and ending balance.
Enter the starting balance for your CD in the calculator.
Enter the total number of months for this CD to mature in the calculator.
Enter published interest rate, not APY, into the calculator. Future rates can't be predicted with certainty.
Choose frequency that interest income is added to account; more frequent compounding generates additional interest sooner. Check with financial institution about compounding frequency on particular CD.
The effective annual interest rate earned for this CD depends on compounding frequency and interest rate; use APY to compare CDs of different rates and frequencies .
Instead of renewing just one CD with a specific amount, the CD is split up into multiple amounts for multiple CDs in a setup that allows them to mature at staggered intervals. For example, instead of investing all funds into a 3-year CD, the funds are used to invest in 3 different CDs at the same time with terms of 1, 2, and 3 years.
By inputting initial deposit amount, interest rate, compounding frequency, deposit length, and margin tax rate, the calculator provides information such as the final balance and total interest earned.
- $ 11,614.72
- 5 %
- $ 10,000.00
- $ 1,614.72
This CD calculator, also known as a certificate of deposit calculator, lets the user calculate their compound interest while calculating their taxes. It also calculates an inflation adjusted balance to see how you CD balance is keeping up with inflation.
Aug 27, 2024 · Our CD calculator helps you find out how much interest you’ll earn on a CD. The results reflect the total interest earned and the final value of your CD account at the end of the term....
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What is a certificate of deposit calculator?
Calculate the Yield on a Certificate of Deposit. The CD calculator is a useful tool that can help you determine how much you will earn from your deposit. Simply enter the amount of your deposit, the term, and the interest rate, and the calculator will provide you with the total amount.
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related to: how many kilobytes are on a cd account balance calculator full screenOpen a 12-Month CD at 4.20% APY* with No Minimum Balance & No Monthly Fees. Save for your tomorrows with higher expectations with a CD from Synchrony Bank.
