What is $10,000 in a 5 year CD worth at maturity?

It depends only on the rate and the compounding you enter. At 4.5% APR compounded monthly it matures at $12,517.96, so $2,517.96 of interest, and the year by year table shows $10,459.40 after the first year. At 5% APY it matures at $12,762.82. The interest each year is larger than the year before because earlier interest is earning too.

How do I work out a 10 year CD?

Enter 120 in the term field. $10,000 at 4.5% APR compounded monthly is worth $15,669.93 after ten years. Any whole number of months up to 600 works, so 7 years is 84 and 30 months is 30.

How much does compounding frequency matter over five years?

Very little. $10,000 at 4.5% for five years matures at $12,523.05 compounded daily and $12,517.96 monthly, a difference of $5.09 over the whole term. The rate and the term move the answer far more than the frequency does.

What if I need the money before five years are up?

The early withdrawal penalty is set by your certificate's disclosure, often a number of months of interest, and this page does not model it. Enter the months you would actually hold it to see the interest earned by then, and subtract the penalty the disclosure states. A ladder of shorter certificates is the usual way to keep part of the money within reach; the CD ladder calculator page lays one out.

5 Year CD Calculator

Work out what a five-year certificate of deposit is worth when it matures. This page opens on a 60 month term with the balance at the end of each year, so the growth from compounding is visible year by year. Enter the deposit and the rate from the offer, choose APR or APY to match how it was quoted, and pick the compounding. Longer terms work the same way: a 10 year certificate is 120 months. The rate is the one you type and nothing is fetched.

10,000.00 at 4.5% APR for 5 years, compounded monthly12,517.96Interest 2,517.96 · effective yield 4.593983% APY

Deposit

Rate (%)

Quoted as

Term (months)

Common terms

Compounding

Value at maturityafter 5 years
12,517.96
Interest earnedon 10,000.00 deposited
2,517.96
Interest a monththe interest earned divided by 60 months
41.97
APYthe effective annual yield, compounding included
4.593983%
APRthe stated annual rate, compounding excluded
4.5%

Show

Balance along the way

Rows

The balance at the end of each year, and at maturity. Interest is added each month and left in the certificate, which is what makes the yield higher than the rate.

After	Balance	Interest so far
1 year	10,459.40	459.40
2 years	10,939.90	939.90
3 years	11,442.48	1,442.48
4 years	11,968.14	1,968.14
5 years	12,517.96	2,517.96

Worked examples

Three 5 year certificates worked through, each one loadable into the fields above. The figures are illustrations of the arithmetic, not rates on offer.

5 years5,000.00 at 4%, compounded annually
6,083.26 · interest 1,083.26
5 years25,000.00 at 4.25%, compounded daily
30,918.77 · interest 5,918.77
5 years10,000.00 at 3.85%, compounded quarterly
12,111.61 · interest 2,111.61

Common questions

What is $10,000 in a 5 year CD worth at maturity?: It depends only on the rate and the compounding you enter. At 4.5% APR compounded monthly it matures at $12,517.96, so $2,517.96 of interest, and the year by year table shows $10,459.40 after the first year. At 5% APY it matures at $12,762.82. The interest each year is larger than the year before because earlier interest is earning too.
How do I work out a 10 year CD?: Enter 120 in the term field. $10,000 at 4.5% APR compounded monthly is worth $15,669.93 after ten years. Any whole number of months up to 600 works, so 7 years is 84 and 30 months is 30.
How much does compounding frequency matter over five years?: Very little. $10,000 at 4.5% for five years matures at $12,523.05 compounded daily and $12,517.96 monthly, a difference of $5.09 over the whole term. The rate and the term move the answer far more than the frequency does.
What if I need the money before five years are up?: The early withdrawal penalty is set by your certificate's disclosure, often a number of months of interest, and this page does not model it. Enter the months you would actually hold it to see the interest earned by then, and subtract the penalty the disclosure states. A ladder of shorter certificates is the usual way to keep part of the money within reach; the CD ladder calculator page lays one out.

Exact compound interest arithmetic on the deposit, rate, term and compounding you enter. It cannot know your bank's early withdrawal penalty, fees or tax treatment, and it does not carry any rate of its own.