Certificate of Deposit (CD) Calculator
Calculate returns on your CD investment.
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Why invest in a CD?
Certificates of Deposit (CDs) are safe, low-risk investments offered by banks. They typically offer higher interest rates than standard savings accounts in exchange for locking your money away for a set period.
Frequently Asked Questions
How is CD interest calculated?
Most CDs use compound interest, meaning you earn interest on your principal plus the interest you've already accumulated.
What happens if I withdraw early?
Most banks charge an early withdrawal penalty, which is often equal to several months' worth of interest.