Free Certificate of Deposit (CD) Calculator
This calculator is designed to help determine the potential interest growth on your Certificate of Deposit. This tool will also work for other investments with distributed interest payments.
The certificate of deposite tool can be purchased and downloaded in Microsoft Excel for only $6. Please follow the link below to purchase this tool. Following your payment, you will be emailed the tool in Excel.
1. Initial Balance of Certificate of Deposit (CD) - Input the amount of deposit you will purchase
2. Length of CD in Months - Input the life of the CD
3. Annual Interest Rate (%) - Input the interest rate for the CD
4. Interest Compounding Frequency (Times per Year) - Input how many payments a year you will receive. 12 is monthly, 4 is quarterly, 1 is yearly.