A certificate of deposit grows by compounding. Enter the deposit, rate, term, and how often it compounds to see the value at maturity and the interest earned.
Desert Rock Capital does not offer certificates of deposit or deposit accounts. We are a licensed Utah installment lender, with personal loans of $100 to $3,000, no credit check, and fixed biweekly payments. This calculator is provided for general education so you can understand and compare costs honestly.
If you only have an APY, choose Annually as the compounding.
Results
Fill in the fields to see the result. The math runs instantly in your browser; nothing you type is saved or sent.
A general-purpose math tool. It runs standard math on the numbers you enter, including a rate you choose yourself. Nothing is pre-filled. It is not an offer, quote, rate, approval, or estimate of any Desert Rock Capital loan. Desert Rock Capital is a lender, not a bank or credit union, and does not offer CDs or deposit accounts. This is a general savings math tool.
The calculator above is a general math tool and is separate from any Desert Rock Capital loan. Desert Rock Capital lends $100 to $3,000 in Utah with no credit check and fixed biweekly payments; the amount offered, if approved, is shown to you up front, and every payment is in writing before you sign.
A = P x (1 + r/n)^(n x t); APY = (1 + r/n)^n - 1
A CD earns compound interest: the interest itself earns interest over the term. Compounding more often raises the effective yield slightly, which the APY captures as a single annual figure.
Desert Rock Capital is a licensed Utah consumer lender. Our product is a personal installment loan of $100 to $3,000, with no credit check, no collateral, and fixed biweekly payments, for Utah residents. This calculator estimates how a certificate of deposit grows. Desert Rock Capital is a lender and does NOT offer CDs or deposit accounts; this is a general savings tool. Other lenders and products calculate costs differently, and your actual terms depend on your own agreement. We use the standard formula cited below so the math is transparent and not our invention.
Source: Investopedia: compound interest
No. Desert Rock Capital is a consumer lender, not a depository institution. This tool is provided for general financial education.
We will walk the real schedule with you, in writing, before you sign anything. Booking a time is not a loan decision. No credit check, and a clear decision usually in about 30 minutes.
Which branch, and who's coming in?
Pick the location that works for you. Booking a time is not a loan decision.
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The math is free. So is a straightforward decision.
Apply online or visit a branch in Salt Lake City, Orem, or St. George. No credit check, not based on your credit score, and you get a clear decision in about 30 minutes.
