CD Calculator
Summary
Estimates the future value of a Certificate of Deposit based on your initial deposit, interest rate, time period, and compounding frequency.
Example
A $5,000 CD at 3% annual interest compounded monthly for 3 years grows to approximately $5,463, earning $463 in interest.
Explanation of Results
Future Value is the total amount including principal and interest at maturity. Total Interest Earned is the profit above your initial deposit. Effective Annual Rate accounts for compounding — it's always slightly higher than the nominal rate when compounding is more frequent than annually. Total Compounding Periods is how many times interest was applied.
