How much does a $2,500 CD earn at 5.5% for 1 year?
$2,641.02
A $2,500 certificate of deposit at 5.5% for 1 year matures at $2,641.02 — $141.02 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.
$2,500 × (1 + 5.5% ÷ 12)^(12 × 1) = $2,641.02
APY 5.64%. Interest earned: $141.02.
Open the full CD calculator to use your own figures.
Similar questions
- $2,500 · 5% · 5 years = $3,208.40
- $2,500 · 5.5% · 3 years = $2,947.37
- $2,500 · 5% · 3 years = $2,903.68
- $2,500 · 5.5% · 5 years = $3,289.26
- $2,500 · 5% · 1 year = $2,627.90
- $2,500 · 4.5% · 5 years = $3,129.49
Questions
- How much does a $2,500 CD earn at 5.5% for 1 year?
- A $2,500 certificate of deposit at 5.5% for 1 year matures at $2,641.02 — $141.02 of interest. $2,500 × (1 + 5.5% ÷ 12)^(12 × 1) = $2,641.02.
- 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.