How much does a $25,000 CD earn at 5% for 3 years?

$29,036.81

A $25,000 certificate of deposit at 5% for 3 years matures at $29,036.81 — $4,036.81 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 + 5% ÷ 12)^(12 × 3) = $29,036.81

APY 5.12%. Interest earned: $4,036.81.

Open the full CD calculator to use your own figures.

Similar questions

Questions

How much does a $25,000 CD earn at 5% for 3 years?
A $25,000 certificate of deposit at 5% for 3 years matures at $29,036.81 — $4,036.81 of interest. $25,000 × (1 + 5% ÷ 12)^(12 × 3) = $29,036.81.
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.