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Financial Literacy - Budgeting
TOOLS AND RESOURCES
Budgeting toolkit
Use these work sheets, calculators and money-saving tips to guide your financial planning.
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Certificate of Deposit Calculator
Calculate your earnings and more

Use this calculator to find out how much interest you can earn on a Certificate of Deposit (CD). Just enter a few pieces of information and we will calculate your Annual Percentage Yield (APY) and ending balance. Click on the "View Report" button to see a detailed schedule of your CD's balance and interest earned. Unhappy with your current CD rate? Check out Bankrate's exclusive list of the highest-yielding CDs in the United States.

This calculator requires a Java-enabled browser. To download the plugin, click here.

How do I get more personalized results?
Looking for more personalized rates? First compare rates in your area, then return to our investment calculator.

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  Certificate of Deposit Calculator
Financial Calculator Results

Certificate of Deposit Calculator
Your CD is worth TOTAL_AT_END_OF_INVESTMENT after TIME_LABEL.

Results Summary
Initial deposit STARTING_AMOUNT
Length of CD TIME_LABEL (MONTHS months)
Interest rate RATE_OF_RETURN COMPOUND_INTEREST
Annual Percentage Yield (APY) APY_RATE
Ending balance TOTAL_AT_END_OF_INVESTMENT

Certificate of Deposit Balances

**REPEATING GROUP**

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
This Financial Calculator requires a Browser with Java Support

Definitions
Initial deposit: The starting balance for your CD.
Months: 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.
Compounding: 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.


Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
 


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