How much does a $5,000 CD earn at 4% for 5 years?
$6,104.98
A $5,000 certificate of deposit at 4% for 5 years matures at $6,104.98 — $1,104.98 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.
$5,000 × (1 + 4% ÷ 12)^(12 × 5) = $6,104.98
APY 4.07%. Interest earned: $1,104.98.
Open the full CD calculator to use your own figures.
Similar questions
- $5,000 · 4.5% · 1 year = $5,229.70
- $5,000 · 4% · 3 years = $5,636.36
- $5,000 · 4.5% · 3 years = $5,721.24
- $5,000 · 4% · 1 year = $5,203.71
- $5,000 · 4.5% · 5 years = $6,258.98
- $5,000 · 5% · 1 year = $5,255.81
Questions
- How much does a $5,000 CD earn at 4% for 5 years?
- A $5,000 certificate of deposit at 4% for 5 years matures at $6,104.98 — $1,104.98 of interest. $5,000 × (1 + 4% ÷ 12)^(12 × 5) = $6,104.98.
- 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.