How much does a $25,000 CD earn at 4.5% for 5 years?

$31,294.90

A $25,000 certificate of deposit at 4.5% for 5 years matures at $31,294.90 — $6,294.90 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.

$25,000 × (1 + 4.5% ÷ 12)^(12 × 5) = $31,294.90

APY 4.59%. Interest earned: $6,294.90.

Open the full CD calculator to use your own figures.

Similar questions

Questions

How much does a $25,000 CD earn at 4.5% for 5 years?
A $25,000 certificate of deposit at 4.5% for 5 years matures at $31,294.90 — $6,294.90 of interest. $25,000 × (1 + 4.5% ÷ 12)^(12 × 5) = $31,294.90.
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.