CD Calculator - Certificate of Deposit
What is a “CD Calculator”?
A Certificate of Deposit – CD Calculator helps you estimate how much your Certificate of Deposit will grow over a specific period. By entering your initial deposit, profit rate, term, and compounding frequency, the tool calculates both your final balance and total profit earned.
It simplifies financial planning by showing accurate, real-time projections, helping you compare CD options, choose the best interest rate, and understand the long-term benefits of fixed-term savings.
How to Use the “CD Calculator”:
Step-by-Step Guide :
Step 01 – Enter Initial Deposit – Add the amount you plan to invest in the CD.
Step 02 – Select Currency – Choose the currency for your calculation.
Step 03 – Enter Profit Rate (%) – Input the annual profit rate offered by the bank.
Step 04 – Set the Term – Provide the number of years and months for your CD.
Step 05 – Choose Compounding Frequency – Select how often profit is compounded (daily, monthly, yearly, etc.).
Step 06 – Click “Calculate” to view your final balance and total profit earned instantly.
Step 07 – Use Reset to clear all inputs and start a fresh calculation.
