How much does a $100,000 CD earn at 3% for 3 years?
$109,405.14
A $100,000 certificate of deposit at 3% for 3 years matures at $109,405.14 — $9,405.14 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.
$100,000 × (1 + 3% ÷ 12)^(12 × 3) = $109,405.14
APY 3.04%. Interest earned: $9,405.14.
Open the full CD calculator to use your own figures.
Similar questions
- $100,000 · 3% · 1 year = $103,041.60
- $100,000 · 3% · 5 years = $116,161.68
- $100,000 · 4% · 1 year = $104,074.15
- $100,000 · 4% · 3 years = $112,727.19
- $100,000 · 4% · 5 years = $122,099.66
- $100,000 · 4.5% · 1 year = $104,593.98
Questions
- How much does a $100,000 CD earn at 3% for 3 years?
- A $100,000 certificate of deposit at 3% for 3 years matures at $109,405.14 — $9,405.14 of interest. $100,000 × (1 + 3% ÷ 12)^(12 × 3) = $109,405.14.
- 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.