Financial Tool

CD Calculator

Calculate the final balance and interest earned on a Certificate of Deposit (CD).

Σ The Formula

A = P(1 + r/n)^(nt)

Real World Examples

Standard CD
$10,000, 4% rate, 1yr, Monthly Compound → $10,407.42
Long Term
$50,000, 5% rate, 5yr, Daily Compound → $64,201.27

# About This Calculator

A Certificate of Deposit (CD) is a low-risk savings tool that can boost your interest earnings compared to a standard savings account. In exchange for leaving your money untouched for a fixed term, the bank typically pays a higher interest rate.

This calculator handles Compound Interest, which is how most modern CDs operate. It factors in your initial deposit, the interest rate, and how frequently interest is added back to your balance (daily, monthly, or annually).

How To Use

  1. Enter the **Initial Deposit** amount.
  2. Enter the **Interest Rate** (Annual Percentage Yield).
  3. Enter the **Term** in years.
  4. Select the **Compounding Frequency** (Monthly is standard).
  5. Click **Calculate Final Balance** to see your earnings.

Frequently Asked Questions

What is compounding frequency?+

It is how often the bank calculates your interest and adds it to your balance. The more frequent the compounding (e.g., daily vs. annually), the more interest you earn on your interest.

Can I withdraw money from a CD early?+

Usually, yes, but you will likely face an 'early withdrawal penalty,' which is often a set amount of interest (e.g., 90 days of interest). This calculator does not factor in penalties.

Is CD Calculator free to use?+

Yes, CD Calculator on Matheric is completely free to use. We believe in accessible education and utility for everyone.

How accurate is CD Calculator?+

We use standard mathematical formulas and high-precision computing algorithms to ensure results for CD Calculator are accurate for academic and professional use.

Can I use CD Calculator on my phone?+

Yes! CD Calculator is fully responsive and optimized for all devices, including smartphones, tablets, and desktops.

Do you save my data?+

No. We prioritize your privacy. All calculations are performed in your browser or temporarily processed, and we do not store your personal input data.

About

A Certificate of Deposit (CD) is a low-risk savings tool that can boost your interest earnings compared to a standard savings account. In exchange for leaving your money untouched for a fixed term, the bank typically pays a higher interest rate.

This calculator handles Compound Interest, which is how most modern CDs operate. It factors in your initial deposit, the interest rate, and how frequently interest is added back to your balance (daily, monthly, or annually).

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