How much does a $10,000 CD earn at 5.5% for 1 year?
$10,564.08
A $10,000 certificate of deposit at 5.5% for 1 year matures at $10,564.08 — $564.08 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 + 5.5% ÷ 12)^(12 × 1) = $10,564.08
APY 5.64%. Interest earned: $564.08.
Open the full CD calculator to use your own figures.
Similar questions
- $10,000 · 5% · 5 years = $12,833.59
- $10,000 · 5.5% · 3 years = $11,789.49
- $10,000 · 5% · 3 years = $11,614.72
- $10,000 · 5.5% · 5 years = $13,157.04
- $10,000 · 5% · 1 year = $10,511.62
- $10,000 · 4.5% · 5 years = $12,517.96
Questions
- How much does a $10,000 CD earn at 5.5% for 1 year?
- A $10,000 certificate of deposit at 5.5% for 1 year matures at $10,564.08 — $564.08 of interest. $10,000 × (1 + 5.5% ÷ 12)^(12 × 1) = $10,564.08.
- 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.