How much does a $50,000 CD earn at 4.5% for 3 years?

$57,212.39

A $50,000 certificate of deposit at 4.5% for 3 years matures at $57,212.39 — $7,212.39 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.

$50,000 × (1 + 4.5% ÷ 12)^(12 × 3) = $57,212.39

APY 4.59%. Interest earned: $7,212.39.

Open the full CD calculator to use your own figures.

Similar questions

Questions

How much does a $50,000 CD earn at 4.5% for 3 years?
A $50,000 certificate of deposit at 4.5% for 3 years matures at $57,212.39 — $7,212.39 of interest. $50,000 × (1 + 4.5% ÷ 12)^(12 × 3) = $57,212.39.
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.