How much does a $10,000 CD earn at 5% for 3 years?
$11,614.72
A $10,000 certificate of deposit at 5% for 3 years matures at $11,614.72 — $1,614.72 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 × 3) = $11,614.72
APY 5.12%. Interest earned: $1,614.72.
Open the full CD calculator to use your own figures.
Similar questions
- $10,000 · 5% · 1 year = $10,511.62
- $10,000 · 5% · 5 years = $12,833.59
- $10,000 · 4.5% · 5 years = $12,517.96
- $10,000 · 5.5% · 1 year = $10,564.08
- $10,000 · 4.5% · 3 years = $11,442.48
- $10,000 · 5.5% · 3 years = $11,789.49
Questions
- How much does a $10,000 CD earn at 5% for 3 years?
- A $10,000 certificate of deposit at 5% for 3 years matures at $11,614.72 — $1,614.72 of interest. $10,000 × (1 + 5% ÷ 12)^(12 × 3) = $11,614.72.
- 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.