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Calculators / Finance / Certificate of deposit
Certificate of deposit calculator
Estimate maturity value for a fixed deposit with periodic compounding.
On this page
Maturity value10,831.43
Interest earned831.43
Calculator controls
How to calculate
Estimate maturity value for a fixed deposit with periodic compounding.
Maturity value = deposit*(1+apr/100/compound)^(compound*years); Interest earned = deposit*(1+apr/100/compound)^(compound*years)-deposit
Worked example
Initial deposit: 10000; Annual interest (%): 4; Compounds / year: 12; Term (years): 2.
Maturity value: 10,831.43 ; Interest earned: 831.43 .
Assumptions and limits
Assumes a fixed rate, no withdrawals, and reinvested interest. Penalties, tax and deposit insurance are not modeled.
Results are rounded for display; calculations use unrounded values. Read our calculation methodology.
Understanding the result
Estimate maturity value for a fixed deposit with periodic compounding. The displayed figures use the inputs and formula shown on this page.
When this tool is useful
Use the certificate of deposit to compare a scenario, check an estimate, or verify a manual calculation.
Understanding your inputs
| Input | What to enter |
|---|---|
| Initial deposit | Enter a number of at least 0.000001 and no more than 1000000000000. |
| Annual interest (%) | Enter a number of at least 0 and no more than 100. |
| Compounds / year | Enter a number of at least 1 and no more than 365. |
| Term (years) | Enter a number of at least 0 and no more than 50. |
Frequently asked questions
What should I check before using the certificate of deposit result?
Assumes a fixed rate, no withdrawals, and reinvested interest. Penalties, tax and deposit insurance are not modeled.
Is this certificate of deposit result exact?
It is exact for the stated mathematical model and entered values. Real-world results can differ when rates, timing, fees, definitions or measurement conditions differ.