How Much Does A $500 CD Make in A Year

Wondering how much you can earn with $500 in a Certificate of Deposit (CD)?

Here, we break down what a $500 certificate of deposit can become in just one year. Plus, we’ll provide insights into various other popular certificate of deposit term lengths. All our calculations are based on a fixed 2.15% annual interest rate. Feel free to tweak the rate below if your CD offers a different interest rate for a tailored estimate.

APY

Term Return Your Balance

Calculator Definitions

Deposit

The amount you invest to open your CD account.

Term

The total duration, measured in months, until your CD matures.

Annual Percentage Yield (APY)

The effective annual interest rate earned on your CD.

More Calculations Based on A Year

Hopefully this was helpful! You can also use our simple CD interest calcalator to get more specific calculations. 

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Disclaimer: Educational Information Only

The information provided on this website is for educational purposes only. We want to emphasize that each individual's financial situation is unique.. We do not provide expert financial advice, advisory or brokerage services, and we do not recommend or advise individuals to buy or sell specific stocks or securities. Please be aware that performance information may have changed since the time of publication, and past performance is not indicative of future results.

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