Certificate of Deposit (CD) Calculator
Calculate returns on your CD investment.
Why invest in a CD?
Certificates of Deposit (CDs) are safe, low-risk investments offered by banks. They typically offer higher interest rates than standard savings accounts in exchange for locking your money away for a set period.
Frequently Asked Questions
Q
How is CD interest calculated?
Most CDs use compound interest, meaning you earn interest on your principal plus the interest you've already accumulated.
Q
What happens if I withdraw early?
Most banks charge an early withdrawal penalty, which is often equal to several months' worth of interest.