Free Credit Scores

Certificate of Deposit Calculator

Certificate of Deposit Calculator

CD Calculator

Find out how much interest you can earn on a Certificate of Deposit (CD) with this certificate of deposit calculator. Compare CD rates by simply enter a deposit amount, length of time and interest rate to see how much you may be able to earn. For more information about CDs, see All about certificates of deposit.

This Financial Calculator requires SUN's Java™ Plug-in. If you see this message you will need to download SUN's Java™ Plug-in. This can be done automatically by clicking the yellow bar at the top of your browser and choosing "Install ActiveX Control".

    You can also get SUN's Java™ Plug-in here: Get the Java™ Plug-in!

Definitions of terms included in this calculator

Definitions for the Certificate of Deposit Calculator

Initial deposit
The starting balance for your CD.

The total number of months for this CD to mature.

Interest rate
The published interest rate for this CD. Make sure to enter the actual interest rate, not the Annual Percentage Yield (APY).

Annual percentage yield (APY)
This is the effective annual interest rate earned for this CD. A CD's APY depends on the frequency of compounding and the interest rate. Since APY measures your actual interest earned per year, you can use it to compare CD's of different interest rates and compounding frequencies.

Interest earned on your CD's accumulated interest. This calculator allows you to choose the frequency that your CD's interest income is added to your account. The more frequently this occurs, the sooner your accumulated interest income will generate additional interest. You may wish to check with your financial institution to find out how often interest is being compounded on your particular CD.

Note: This information is for general use only. Use this information as part of a full research process. General financial advice does not always apply directly to individual financial matters. Please consult a financial expert with specific and complex questions about your individual situation.

About our Certificate of Deposit Calculator

This certificate of deposit calculator is just one of more than 30 personal finance calculators that we offer to consumers to help make knowledgeable decisions in all-important financial situations. Please use the certificate of deposit calculator as part of a thorough research process. For more news, advice and resources, visit our knowledge center.

Free Credit Scores

Consumers putting their money in different places now

Banking News

Consumers putting their money in different places now

A recent report from credit giant TransUnion took a look at where people are now putting their money and had some interesting findings. Read more

Banking Tips

What to do if you’ve been “crammed”

Have you ever been confused by what you saw on your telephone bill? You are not alone. Read more

Latest Tweets

Free Credit Scores

Banking Calculators

Compound Savings Calculator
Compound Savings Calculator

Consistent investments over time can be an effective strategy to accumulate wealth. Put this savings strategy to work for you.

Banking Glossary

you are here ›› homecalculatorscertificate of deposit calculator
Certificate of Deposit Calculator