How much does a $1,000 CD earn at 4.5% for 5 years?
$1,251.80
A $1,000 certificate of deposit at 4.5% for 5 years matures at $1,251.80 — $251.80 of interest.
How it is worked out
A CD compounds at a fixed rate for a fixed term. Monthly compounding is the usual case, and the APY is what that compounding is worth over a year — always slightly above the stated rate.
$1,000 × (1 + 4.5% ÷ 12)^(12 × 5) = $1,251.80
APY 4.59%. Interest earned: $251.80.
Open the full CD calculator to use your own figures.
Similar questions
- $1,000 · 5% · 1 year = $1,051.16
- $1,000 · 4.5% · 3 years = $1,144.25
- $1,000 · 5% · 3 years = $1,161.47
- $1,000 · 4.5% · 1 year = $1,045.94
- $1,000 · 4% · 5 years = $1,221.00
- $1,000 · 5% · 5 years = $1,283.36
Questions
- How much does a $1,000 CD earn at 4.5% for 5 years?
- A $1,000 certificate of deposit at 4.5% for 5 years matures at $1,251.80 — $251.80 of interest. $1,000 × (1 + 4.5% ÷ 12)^(12 × 5) = $1,251.80.
- How is this worked out?
- A CD compounds at a fixed rate for a fixed term. Monthly compounding is the usual case, and the APY is what that compounding is worth over a year — always slightly above the stated rate.
- Can I use my own figures?
- Yes — the CD calculator takes any values and shows the full result.