CDs are a type of high-yield savings account that earns more than traditional savings accounts. They are a great way to reach your savings goals on a set schedule. The differences to the traditional saving accounts are your funds must remain in the account for a fixed period in order to receive the higher annual interest rate offered and you cannot add additional funds to your CD unless you have an add-on at the start. Using the following CD Calculator (Certificate of Deposit), you can see how much your CD can earn based on your deposit size, the length of the term, its interest rate and how often it compounds. Features: 1. Enter your deposit, CD term length, and different interest rates we will calculate your annual percentage yield (APY) and ending balance. 2. "View Report" will display a detailed schedule of your CDs balance and interest earned. It is a month-by-month/ year-by-year breakdown of the interest earned per period and the cumulative interest in each period, showing exactly how your money grows. 3. Save last calculation so that you don't have to enter again 4. Easy to share the result in Print-Friendly PDFs with your friends in chat, email, social network ... 5. A financial terms dictionary is included to help users learn and master some of the key finance and accounting terms used in business. 6. This calculator still works even when you are offline. Feel free to send me support email for any new features you wish to have or to customize. Thanks. Disclaimer: This calculator is made available to you as a self-help tool for your independent use and is not intended to provide investment advice.
