Figure out what interest rate you need for an investment to double in a set number of years.
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Share Certificate Calculator
How It Works
A share certificate is a savings account where you can't withdraw the money for a fixed amount of time. In exchange, you are offered a higher guaranteed interest rate than a normal savings account. You can enter the deposit size and interest rate into this calculator to see how much a share certificate can grow over its lifetime (usually 12 to 60 months).
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Calculating compound interest is much easier with this shortcut.
Interest is one of the most powerful tools in your financial arsenal and one of the more slippery dangers.
