Here are the amounts you can earn by depositing $5,000 on a CD right now
A certificate of deposit is a great place to store savings that you don’t need to touch for a while. In exchange for maintaining money on CDs for maturity, you can enjoy a fixed interest rate. That means the revenue will remain the same regardless of where the overall interest rate goes.
Today’s Top CD We offer an annual percentage yield of up to 4.65%, or an APY. And if you deposit $5,000 with one of them, you can earn more than $1,000 in interest depending on the CD and terminology you choose. To give you an idea of how much you can earn, we have broken down some examples with a $5,000 deposit and a few other amounts.
read more: Best CD Rates for February 2025: Earn more than twice the national average with these top accounts
How much can you earn by depositing $5,000 on a CD?
Put $5,000 on a CD and we provide examples of revenue over several popular periods: six months, one year, five years, five years.
Your income with a $5,000 deposit
| semester | Top apy | bank | Interest income | CD value at maturity |
|---|---|---|---|---|
| 6 months | 4.65% | Federal Credit Unions across the Community | $114.93 | $5,114.93 |
| 1 year | 4.45% | Federal Credit Unions across the Community | $222.50 | $5,222.50 |
| 3 years | 4.15% | America First Credit Union | $648.69 | $5,648.69 |
| 5 years | 4.35% | America First Credit Union | $1,186.32 | $6,186.32 |
APY as of February 5, 2025, based on banks tracked on CNET. Assume revenue is based on APY and that interest will be worse every year.
The national average of CDs per year is 1.82% APY as of February 5, 2025, while the average of CDs per year for Top Banks tracked by CNET is 4.07% APY. What difference does that make to your interest income?
A one-year CD with a national average APY has a maturity value of $5,091 when you deposit $5,000. However, if you deposit $5,000 on a one-year CD that earns a 4.45% APY, you get the best APY of any CD we track, which is a total of $5,222.50.
Do you want to deposit a different amount? This is the amount you earn
Even if you want to put more money on your CD, you can still earn competitive interest rates. Here are some examples of interest income for other deposit amounts.
Your income is different amounts
| semester | Top apy | $1,000 deposit | $2,500 deposit | $10,000 deposit | $25,000 deposit |
|---|---|---|---|---|---|
| 6 months | 4.65% | $22.99 | $57.46 | $229.86 | $574.65 |
| 1 year | 4.45% | $44.50 | $111.25 | $445.00 | $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 |
As of February 5, 2025, it is based on top APY available from banks tracking on CNET. We assume that interest is worsening every year.
How to calculate CD interests
apy The CD represents the rate of return received in cash for more than 12 months. You will get a CD Compound interestwhich means earning interest on your initial deposit amount and the interest you have earned so far.
All banks attract interest in different ways. Your CD may earn interest of daily, weekly, or monthly interest. The more you are interested in using the compounds, the more money you can make.
Can be used CD calculator To get a sense of exactly how much interest your CD can generate.
How to choose the right CD for you
When you are looking for a CD, a good APY is a problem, but there are also other important factors to consider. Ask yourself these questions when you select a CD:
- When do you need money? Each CD has a set terminology and you cannot withdraw money without paying during your term. Early withdrawal penalty. Typically, CD terms range from 6 months to 5 years, so choose the one that matches your timeline.
- Do you meet the minimum deposit requirements? Some CDs do not have minimum deposit requirements, while others may require a deposit of $1,000 or more. How much money you have to put on a CD can help you narrow down your options.
- How much does it cost? Some CDs charge fees, including monthly maintenance and early withdrawal fees. These fees can be digged into your income. I know I’m reading the detailed prints of the CDs I’m considering and signing up.
- Is the bank insured? CDS in the bank is insured Federal Insurance Corporation Credit unions guaranteed by the National Credit Union Authority are protected at a maximum of $250,000 per account per person. Find CDs from these institutions to keep your money safe.
CD details