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.

According to investopedia.com, "A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate and can be issued in any denomination. CDs are generally issued by commercial banks and are insured by the FDIC. The term of a CD generally ranges from one month to five years."

Inputs:
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.

                   
      Inputs:  
  Initial Balance of Certificate of Deposit (CD)  
  Length of CD in Months  
  Annual Interest Rate (%)  
  Interest Compounding Frequency (Times per Year)  
  Accumulated Balance  
     
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