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CD Interest Calculator - Free online certificate of deposit calculator

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Use our free CD interest calculator to calculate your certificate of deposit (CD) earnings. This online CD interest calculator helps you determine how much interest you'll earn based on your initial deposit, APY, term length, and compounding frequency.

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Compound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one… Compound interest is generating 'interest on interest.