About CD Calculator

This calculator estimates the end balance and interest of a Certificate of Deposit (CD), considering compound interest, term length, and tax. It supports various compounding frequencies and term lengths.

Supported Features

• Initial deposit (principal)
• Customizable compounding frequency (annually, semiannually, quarterly, monthly, continuously)
• Interest rate and tax rate on interest
• Flexible term length (years and months)
• Detailed accumulation schedule (yearly breakdown)

Calculation Method

• Interest is compounded at the selected frequency
• Interest is taxed at the specified rate
• Principal is locked for the term; no additional deposits or withdrawals

Examples

• Initial deposit: $10,000, Rate: 5%, Years: 3, Compounded annually → End balance: $11,576.25
• Initial deposit: $5,000, Rate: 4%, Years: 2, Compounded monthly → End balance: $5,408.16