CD Calculator Definition
A CD calculator is used to find out how much interest would be earned on a CD (certificate of deposit). All you need to do is enter a few pieces of information from your CD and you will have results show instantly below.
This CD calculator is easy to use and will take only a few minutes to get your information.
Enter the amount of the CD first.
Add in the annual interest rate of the CD. Click CALCULATE next and you will have your answers given below instantly.
The top is the FUTURE VALUE of your CD. Below this will be your INTEREST EARNED on your CD. If you make a mistake, you can clear the fields and start all over. Make sure you enter the exact percentage rate to give you the correct answer. You can enter this in decimal form as well. Determining interest earned from a CD is important because it can help you make decisions on future investments in your life. If you have multiple CD's you can check all of your interest earned in one place and in only a matter of 10 minutes on the CD calculator.