Fixed Term Annuity Share Certificate (CD) Calculator

A fixed term annuity CD is a modified version of a federally insured CD. It is designed to provide you with a monthly income stream for a pre-determined length of time (5,10,15 or 20 years). The income stream is guaranteed for the term of the annuity CD and unlike insurance annuities, in the event of an untimely death, any remaining balance will be distributed to your beneficiaries. It is very important to remember that once you setup a fixed term annuity CD, there may be penalties for early withdrawal. This calculator is designed to help you estimate your monthly payments from a Berks Community FCU fixed term annuity CD.

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Definitions

Amount to invest: The amount you wish to invest in your fixed term annuity Share Certificate (CD).
Term of annuity CD: The number of years you select as the pre-determined length of time the CD will provide monthly payments.
Annual rate of return: The annual rate of return for the fixed term annuity CD.
Frequency of payments: How often payments are made to you from the fixed term annuity CD. The calculator may show monthly, quarterly and annual payment options, Berks Community FCU's annuity CD only allows for monthly payments. This calculator assumes that your distribution occurs at the beginning of each period.

This is not an insurance product. There is a $2,000 minimum investment and early withdrawal penalties apply. This is a fixed-term investment designed to have a zero balance at the maturity date. Experts advise against investing more than 33% of total assets into an individual investment option. Individuals should consider many factors when determining the percentage of total assets appropriate to invest in this product including personal health, family history, average life expectancy, and any other factors unique to that individual.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

All accounts are insured to $100,000 by the NCUA, a U.S. government agency.

Effective April, 2006 Retirement Accounts are now insured separately to $250,000 by the NCUA.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.