If You Deposit $10,000 Into a CD Today, Here's How Much Interest You'll Earn

Kelly Ernst

Wed, May 14, 2025, 12:47 PM 4 min read

A certificate of deposit has plentifulness of perks, but 1 of the apical ones is simply a fixed involvement rate. Your yearly percent output (APY) is locked successful erstwhile you unfastened a CD, truthful your net enactment the aforesaid careless of what happens successful the economy. At a clip erstwhile the system is shaky -- arsenic it is present -- that tin beryllium particularly valuable.

Today's top CDs connection APYs arsenic precocious arsenic 4.50% -- much than 3 times the national average for immoderate terms. What does that look similar successful dollars and cents? Let's interruption down however overmuch involvement you'd accrue by deposit $10,000 into 1 of these CDs.

(And if you don't person $10,000 to deposit, don't worry. We'll look astatine different amounts, too.)

Here's however overmuch you tin gain if you deposit $10,000 into a six-month, one-year, three-year and five-year CD. We're calculating your instrumentality based connected the highest APYs presently disposable for each CD term, based connected the banks we way astatine CNET.

APYs arsenic of May 13, 2025, based connected the banks we way astatine CNET. Earnings are based connected APYs and presume involvement is compounded annually.

The national average for a one-year CD is 1.77% APY, portion the mean one-year CD based connected the banks we way astatine CNET is 4.00% APY. If you deposit $10,000 into a one-year CD that pays the nationalist mean of 1.78% APY, the worth astatine maturity would beryllium $10,177.00. If you deposit $10,000 into a one-year CD that earns 4.40% APY (the apical APY from our list), it would beryllium worthy $10,440.00 astatine maturity.

You don't request to person $10,000 connected manus to gain a competitory involvement complaint connected your savings. Most of the CD accounts connected our database don't person a minimum deposit required to fastener successful a precocious CD rate. Here's what you could gain with different deposit amounts:

APYs arsenic of May 13, 2025, based connected the apical APY disposable from the banks we way astatine CNET. Earnings presume involvement is compounded annually.

When you unfastened a CD, the APY represents the existent complaint of instrumentality you'll gain connected your deposit successful 1 year. The APY reflects compounding interest, which means you aren't conscionable earning involvement connected your archetypal deposit -- your involvement besides earns interest.

Some banks compound involvement daily, portion others compound involvement monthly, quarterly oregon semi-annually. The much often involvement is compounded, the much wealth you'll earn.

You tin usage a compound involvement calculator to fig retired however overmuch your wealth tin turn successful a CD. We urge utilizing this calculator from the US Securities and Exchange Commission.