How much does a $10,000 CD earn at 5% for 1 year?
$10,511.62
A $10,000 certificate of deposit at 5% for 1 year matures at $10,511.62 — $511.62 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.
$10,000 × (1 + 5% ÷ 12)^(12 × 1) = $10,511.62
APY 5.12%. Interest earned: $511.62.
Open the full CD calculator to use your own figures.
Similar questions
- $10,000 · 4.5% · 5 years = $12,517.96
- $10,000 · 5% · 3 years = $11,614.72
- $10,000 · 4.5% · 3 years = $11,442.48
- $10,000 · 5% · 5 years = $12,833.59
- $10,000 · 4.5% · 1 year = $10,459.40
- $10,000 · 5.5% · 1 year = $10,564.08
Questions
- How much does a $10,000 CD earn at 5% for 1 year?
- A $10,000 certificate of deposit at 5% for 1 year matures at $10,511.62 — $511.62 of interest. $10,000 × (1 + 5% ÷ 12)^(12 × 1) = $10,511.62.
- 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.