Calculate your CD earnings quickly by entering your deposit, interest rate, compounding, and time. Taxes included.
A certificate of deposit, commonly known as a CD, is a savings product that earns interest on a lump sum deposit over a fixed period of time. This CD calculator helps you estimate how much your investment will grow, taking into account the initial deposit amount, interest rate, compounding frequency, and deposit duration.
With support for multiple compounding options such as yearly, monthly, weekly, and daily, this tool gives you an accurate projection of both the final balance and the total interest earned. It also allows you to apply a marginal tax rate, so you can see how much of your interest income may be affected by taxes.
Unlike simple savings calculators, this CD calculator uses compound interest formulas to reflect real-world banking conditions. That means your interest is calculated not just on the original deposit, but also on the interest previously earned, depending on how often it compounds.
Whether you are saving for a short-term goal or a long-term investment, knowing how much you will earn from a certificate of deposit can help you make smarter financial decisions. This tool is especially useful for comparing different rates and terms offered by banks or credit unions.
The CD calculator is designed for everyone, from individual savers to financial planners. to estimate returns with confidence. It provides clear, instant results, helping you understand the impact of interest rates, tax rates, and time on your investment growth.