A Deposit Certificate can be a great saving place that you should not touch for some time. In exchange for keeping the CD money for the full time, you must enjoy a fixed rate, which means that your earnings remain the same no matter where the total rates go.
Today Top CD -a Offer annual percentage yields, or apys, up to 4.65%. And deposit 5,000 USD one of them may be interested in more than $ 1,000 depending on the CD and the term you choose. To give you an idea of how much you can earn, we have separated some return returns for a $ 5,000 deposit – plus some other sums.
How much can you earn by depositing 5,000 USD in CD?
If you have 5,000 USD to put CD, here are some earnings for a few popular terms – six months, one year, three years and five years.
Your earnings with a $ 5000 deposit
| Term | Top apy | Bank | Interest from interest | CD value at maturity |
|---|---|---|---|---|
| 6 months | 4.65% | Federal Credit Union throughout the Community | $ 114.93 | $ 5,114.93 |
| 1 year | 4.45% | Federal Credit Union throughout the Community | $ 222.50 | $ 5,222,50 |
| 3 years | 4.15% | First Credit Union of America | $ 648.69 | $ 5,648.69 |
| 5 years | 4.35% | First Credit Union of America | $ 1.186.32 | $ 6,186.32 |
Apys as of February 5, 2025, based on the banks we follow at CNET. Earnings are based on Apys and we assume that interest is upgraded annually.
The national average for one -year CD is 1.82% APY as of February 5, 2025, while the average CD average for top banks being monitored at CNET is 4.07% APY. What difference does that make it to the earnings of your interest?
The value of maturity for a one -year CD with the national average Apy will be 5,091 USD if you deposit 5000 USD. However, if you deposit 5,000 USDs in one-year CD earn 4.45% Apy-Releved APY among the CDs we follow-you finish with a total value of $ 5,222,50.
Do you want to deposit a different amount? Here's how much you earn
If you want to put more – or less – CD money, you can still earn a competitive interest rate. Here are some examples of interest on other deposit amounts.
Your earnings with different amounts
| Term | Top apy | Deposit of $ 1,000 | 2,500 USD deposit | Deposit of $ 10,000 | Deposit of $ 25,000 |
|---|---|---|---|---|---|
| 6 months | 4.65% | $ 22.99 | $ 57.46 | $ 229.86 | $ 574.65 |
| 1 year | 4.45% | $ 44.50 | $ 111.25 | 445.00 USD | $ 1,112.50 |
| 3 years | 4.15% | $ 129.74 | $ 324.35 | $ 1,297.38 | $ 3.243.46 |
| 5 years | 4.35% | $ 237.26 | $ 593.16 | $ 2,372.64 | $ 5,931,59 |
Apys as of February 5, 2025, based on the top apy available from the banks we follow at CNET. Earnings assume that interest is upgraded annually.
How is the CD interest calculated
The Apy Your CD is a refund rate you get on your money over 12 months. CD -A earn Complex interestWhich means you earn interest on the starting amount of deposit and interest earned to date.
All banks unite interests differently. Your CD can gather interest daily, weekly or monthly. The more often the interest compounds are, the more money you make.
You can use a CD calculator To find out exactly how much interest your CD can earn.
How to choose the right CD for you
When looking for a CD, APY is well important, but there are other important factors to consider. Ask yourself these questions when choosing a CD:
- When will I need money? Each CD has a set term and you can't withdraw the money during the term without paying Early penalty for withdrawal. The CD terms usually range from six months to five years, so choose the one that fits your time schedule.
- Do I meet the minimum deposit requirements? Some CDs do not have a minimal deposit requirement, but others may require a deposit of $ 1,000 or more. How much money you need to put in a CD can help you reduce your options.
- What are the costs? Some CDs charge fees, such as monthly maintenance or early withdrawal fees. These fees can eat in your earnings. Read the fine printing for each CD that you are thinking about knowing what you are applying for.
- Is the bank insured? CD -A of banks insured by Federal Insurance Corporation Credit unions insured by the administration of the National Credit Union are protected up to $ 250,000 per person per person. Look for a CD from these institutions to keep your money safe.