How much does a $10,000 CD earn at 3% for 1 year?
$10,304.16
A $10,000 certificate of deposit at 3% for 1 year matures at $10,304.16 — $304.16 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.
$10,000 × (1 + 3% ÷ 12)^(12 × 1) = $10,304.16
APY 3.04%. Interest earned: $304.16.
Open the full CD calculator to use your own figures.
Similar questions
- $10,000 · 3% · 3 years = $10,940.51
- $10,000 · 3% · 5 years = $11,616.17
- $10,000 · 4% · 1 year = $10,407.42
- $10,000 · 4% · 3 years = $11,272.72
- $10,000 · 4% · 5 years = $12,209.97
- $10,000 · 4.5% · 1 year = $10,459.40
Questions
- How much does a $10,000 CD earn at 3% for 1 year?
- A $10,000 certificate of deposit at 3% for 1 year matures at $10,304.16 — $304.16 of interest. $10,000 × (1 + 3% ÷ 12)^(12 × 1) = $10,304.16.
- 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.