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Nov 8, 2023 · Calculate the future value of a certificate of deposit investment. The future value of a one time lump sum investment plus taxes you will owe on 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 .
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.
Use the CD calculator to see the total interest you can get on a certificate of deposit. Like savings accounts, CDs earn interest and are federally insured.
Compounding interest calculator: Here's how to use NerdWallet’s calculator to determine how much your money can grow with compound interest.
4 days ago · Our compound interest calculator is a versatile tool that helps you forecast the growth of your investments over time. To effectively use it, follow these instructions: Enter initial balance: Start by inputting the amount you have initially invested or saved. Input interest rate: Type in the annual interest rate your investment will earn.
People also ask
What is the future value of a certificate of deposit (CD)?
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How much interest can you earn on a CD?
The future value compound interest calculator specifically takes compound interest into account, providing a more accurate picture of your investment’s growth. Future Value Calculator Formula. For the curious minds out there, the future value formula is: Future Value (FV) = Present Value (PV) x (1 + Interest Rate)^Number of Periods.