How much does a $5,000 CD earn at 5% for 3 years?
$5,807.36
A $5,000 certificate of deposit at 5% for 3 years matures at $5,807.36 — $807.36 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 + 5% ÷ 12)^(12 × 3) = $5,807.36
APY 5.12%. Interest earned: $807.36.
Open the full CD calculator to use your own figures.
Similar questions
- $5,000 · 5% · 1 year = $5,255.81
- $5,000 · 5% · 5 years = $6,416.79
- $5,000 · 4.5% · 5 years = $6,258.98
- $5,000 · 5.5% · 1 year = $5,282.04
- $5,000 · 4.5% · 3 years = $5,721.24
- $5,000 · 5.5% · 3 years = $5,894.74
Questions
- How much does a $5,000 CD earn at 5% for 3 years?
- A $5,000 certificate of deposit at 5% for 3 years matures at $5,807.36 — $807.36 of interest. $5,000 × (1 + 5% ÷ 12)^(12 × 3) = $5,807.36.
- 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.