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Certificate of Deposit Calculator

Certificates of deposit are one of the safest forms of saving money for the long term. This certificate of deposit calculator was developed to visually show you the long term return on investment you can experience based upon a selected bank's proposed interest yield. To use this calculator, it is ideal to review the CD rates offered by your local bank so you can compare interest rate dividends for the term proposed. Beyond retirement planning, CD's are also a great vehicle for saving money for a down payment on a home.

To use this CD calculator, enter the starting Deposit Amount, followed by the Annual Interest Rate offered by your financial institution. Then enter the Number of Months required to qualify for the offered interest rate, and select the Compounding Interval (usually interest dividends are paid monthly). Once you have entered in the appropriate information, then simply click on Compute to calculate your return.

Certificate of Deposit Calculator

Enter the deposit amount ($):
Enter the annual interest rate (%):
Enter the number of months (#):
Compounding interval:

Future value:
Interest earned:
Annual percentage yield (APY):