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This calculator is for general education purposes only and is not an illustration of current Navy Federal products and offers.

Simple Certificate Calculator Definitions:

Initial deposit: The starting balance for your Certificate.

Months: The total number of months for the certificate to mature.

Interest rate: The published interest rate for this Certificate. Take care to enter the actual interest rate, not the annual percentage yield. Please note, this calculator is hypothetical, future interest rates can’t be predicted with certainty.

Compounding: Interest earned on your Certificates accumulated interest. The above calculator allows you to choose the compounding frequency in which your certificate's interest is added. 

Annual percentage yield (APY): This is the effective annual interest rate earned for this Certificate. The APY depends on the frequency of compounding and the interest rate.

Calculating Yield: APY =  (1 + r/n )n n – 1

      R = started annual interest rate

      n= number of compounding periods each year.