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CNET
17-07-2025
- Business
- CNET
Here's How Much Interest You'll Earn by Depositing $5,000 Into a CD Now
A CD can be a smart way to grow your money safely. Rmcarvalho/Getty Images A certificate of deposit can give you some much-needed security in an economy that feels anything but certain. Your CD rate is fixed when you open the account, so your returns are guaranteed for the entire term. What might those returns look that? That depends on which account you choose. The best CDs earn annual percentage yields up to 4.50%, but the national average for some terms is less than a third of that. Here's a look at how much interest you could rack up if you open one of these top accounts and deposit $5,000 today. We'll also show you your potential earnings with some other amounts. Read more: Best CD Rates for July 2025: APYs as High as 4.50% Won't Stick Around Forever How much can you earn by depositing $5,000 into a CD? If you have $5,000 to put into a CD, here are some sample earnings for several popular term lengths: six months, one year, three years and five years. Your earnings with a $5,000 deposit Term Top APY Bank Interest earnings CD value at maturity 6 months 4.50% CommunityWide Federal Credit Union $92.55 $5,092.55 1 year 4.40% CommunityWide Federal Credit Union; Limelight Bank $220.00 $5,220.00 3 years 4.15% America First Credit Union $648.69 $5,648.69 5 years 4.25% America First Credit Union $1,156.73 $6,156.73 APYs as of July 15, 2025, based on the banks we track at CNET. Earnings are based on APYs and assume interest is compounded annually. The national average for a one-year CD is 1.75% APY as of July 15, 2025, while the average for a one-year CD for the top banks tracked at CNET is 4.00% APY. What difference does that make for your interest earnings? The value at maturity for a one-year CD with the national average APY would be $5,081.00 if you deposit $5,000. However, if you deposit $5,000 into a one-year CD earning 4.40% APY -- the top APY among one-year CDs we track -- you'd end up with a total value of $5,220.00. How much can you earn by depositing other amounts? If you want to put more -- or less -- money into a CD, you can still earn a competitive interest rate. Here are some examples of interest earnings for other deposit amounts. Your earnings with different amounts Term Top APY $1,000 deposit $2,500 deposit $10,000 deposit $25,000 deposit 6 months 4.50% $22.25 $55.63 $222.52 $556.31 1 year 4.40% $44.00 $110.00 $440.00 $1,100.00 3 years 4.15% $129.74 $324.35 $1,297.38 $3,243.46 5 years 4.25% $231.35 $578.37 $2,313.47 $5,783.67 APYs as of July 15, 2025, based on the top APY available from the banks we track at CNET. Earnings assume interest is compounded annually. How interest on a CD is calculated The APY on your CD represents the rate of return you'll receive on your cash over 12 months. CDs earn compound interest, which means you earn interest on your initial deposit amount and any interest earned to date. All banks compound interest differently. Your CD may compound interest daily, weekly or monthly. The more frequently the interest compounds, the more money you earn. You can use a CD calculator to figure out exactly how much interest your CD could earn. How to select the right CD for you When you're looking for a CD, a good APY matters, but there are other important factors to consider, too. Ask yourself these questions when you're choosing a CD: When will I need my money? Each CD has a set term, and you can't withdraw your money during the term without paying an early withdrawal penalty. CD terms typically range from six months to five years, so pick one that fits your timeline. Each CD has a set term, and you can't withdraw your money during the term without paying an early withdrawal penalty. CD terms typically range from six months to five years, so pick one that fits your timeline. Do I meet the minimum deposit requirements? Some CDs have no minimum deposit requirement, but others may require a deposit of $1,000 or more. How much money you have to put into a CD can help narrow down your options. Some CDs have no minimum deposit requirement, but others may require a deposit of $1,000 or more. How much money you have to put into a CD can help narrow down your options. What are the costs? Some CDs charge fees, such as monthly maintenance or early withdrawal fees. These fees can eat into your earnings. Read the fine print for any CD you're considering so you know what you're signing up for. Some CDs charge fees, such as monthly maintenance or early withdrawal fees. These fees can eat into your earnings. Read the fine print for any CD you're considering so you know what you're signing up for. Is the bank insured? CDs at banks insured by the Federal Deposit Insurance Corporation and credit unions insured by the National Credit Union Administration are protected for up to $250,000 per account, per person. Look for CDs from these institutions to keep your money safe.
Business Wire
14-07-2025
- Business
- Business Wire
CommunityWide Federal Credit Union Taps Scienaptic AI for Smarter Fraud and Anomaly Detection
NEW YORK--(BUSINESS WIRE)-- Scienaptic AI, a leading provider of AI-powered credit decisioning, announced today that CommunityWide Federal Credit Union has selected its platform to enhance real-time fraud and anomaly detection to tackle the challenges of identity theft and synthetic identity fraud. With the help of Scienaptic AI platform, CommunityWide Federal Credit Union aims to deploy a deeply integrated fraud and underwriting engine. This integrated engine aggregates multiple data sources and deploys cutting-edge machine learning and anomaly detection algorithms to create a powerful signal to detect fraud. Early detection of fraud is already yielding significant savings in fraud losses for Scienaptic clients. 'With fraud evolving rapidly, especially in identity and synthetic attacks, we needed a solution that could act in real time without compromising member experience,' said Andy Burggraf, President/ CEO of CommunityWide Federal Credit Union. 'By leveraging FraudShield by Scienaptic AI, we can approve genuine members with confidence, while proactively identifying fraud before it enters our system. It's a powerful step forward in delivering both security and service.' 'We're proud to enable CommunityWide Federal Credit Union to strengthen fraud resilience without slowing down the member experience,' said Eric Steinhoff, EVP, Client Impact at Scienaptic AI. 'With FraudShield, credit unions are able to detect anomalies in real-time, reduce friction, and approve more members confidently. This collaboration reflects our shared commitment to safe, inclusive, and efficient lending.' About Scienaptic AI Founded in 2014, Scienaptic AI was built with the mission to drive financial inclusion at scale through AI-driven credit decisioning. The platform encapsulates a decade of technological innovation, integrating more data into decision-making, leveraging advanced machine learning algorithms, and supplementing them with rigorous risk and fair lending monitoring processes. This enables financial institutions to reach more borrowers—including underbanked and underserved individuals—and say 'yes' more often without increasing risk. In September 2024, Scienaptic's Credit Union Service Organization (CUSO) received strategic equity investments from its clients, further strengthening its mission to elevate lending with AI-driven solutions for inclusive loan growth, automation, lifecycle management, and compliance. Today, the CUSO is backed by 10 strategic investors, underscoring Scienaptic's deep commitment to the core principle of "people helping people." The Scienaptic AI platform plays a vital role in supporting over 150 lenders by enhancing lending accuracy and efficiency. Scienaptic's credit decisioning expertise spans financial institutions collectively managing $3.9 trillion in assets. The platform processes over 3 million credit decisions each month, evaluating loan applications worth more than $3 billion. This enables over 1.3 million underserved individuals every month to access credit opportunities that were previously out of reach. Driven by the growing demand for AI in lending, the company has expanded by over 2,000% in the past three years. For more information, visit
CNET
28-06-2025
- Business
- CNET
This Is How Much Interest You'll Earn by Depositing $10,000 Into a CD Now
However much you have to deposit, a CD can help you grow your money you have some cash you can set aside for a while, a certificate of deposit can be a great way to grow it. Since your rate is locked in when you open a CD, your earnings will never change, even if rates drop after that. And with the Federal Reserve expected to cut interest rates as soon as July, now's the time to secure a great APY. Top CDs currently offer up to 4.50% APY -- more than three times the national average for some terms. How much can that net you? Here's a look at what you could earn with a $10,000 deposit (plus some lower amounts in case you don't have that much money to stash away). How much can you earn by depositing $10,000 into a CD? Here's how much you can earn if you deposit $10,000 into a six-month, one-year, three-year and five-year CD. We're calculating your return based on the highest APYs currently available for each CD term, based on the banks we track at CNET. Earnings for a $10,000 CD deposit Term Top APY Bank Interest earnings CD value at maturity 6 months 4.50% CommunityWide Federal Credit Union $222.52 $10,222.52 1 year 4.40% CommunityWide Federal Credit Union $440.00 $10,440.00 3 years 4.15% America First Credit Union $1,297.38 $11,297.38 5 years 4.25% America First Credit Union $2,313.47 $12,313.47 APYs as of June 26, 2025, based on the banks we track at CNET. Earnings are based on APYs and assume interest is compounded annually. The national average for a one-year CD is 1.62% APY, while the average one-year CD based on the banks we track at CNET is 3.98% APY. If you deposit $10,000 into a one-year CD that pays the national average of 1.62% APY, the value at maturity would be $10,162.00. If you deposit $10,000 into a one-year CD that earns 4.40% APY (the top APY from our list), it would be worth $10,440.00 at maturity. Don't have $10,000? No problem. Here's what you can earn with a smaller deposit You don't need to have $10,000 on hand to earn a competitive interest rate on your savings. Most of the CD accounts on our list don't have a minimum deposit required to lock in a high CD rate. Here's what you could earn with other deposit amounts: Earnings for smaller CD deposits Term Top APY $500 deposit $1,000 deposit $2,500 deposit $5,000 deposit 6 months 4.50% $11.13 $22.25 $55.63 $111.26 1 year 4.40% $22.00 $44.00 $110.00 $220.00 3 years 4.15% $64.87 $129.74 $324.35 $648.69 5 years 4.25% $115.67 $231.35 $578.37 $1,156.73 APYs as of June 26, 2025, based on the top APY available from the banks we track at CNET. Earnings assume interest is compounded annually. How CD interest is calculated When you open a CD, the APY represents the actual rate of return you'll earn on your deposit in one year. The APY reflects compounding interest, which means you aren't just earning interest on your initial deposit -- your interest also earns interest. Some banks compound interest daily, while others compound interest monthly, quarterly or semi-annually. The more often interest is compounded, the more money you'll earn. You can use a compound interest calculator to figure out how much your money can grow in a CD. We recommend using this calculator from the US Securities and Exchange Commission. Watch out One of the biggest trade-offs for most CDs is early withdrawal penalties. If you need to pull out your money early, most CDs charge you an early withdrawal penalty equal to a certain period's worth of interest. These penalties can eat into your interest earnings. If you'll need to access your money sooner, a high-yield savings account may be a better fit. Still growing your savings? A high-yield savings account can help CDs are a great option if you already have money saved that you won't need to touch for a set period. Most of us don't have a few thousand on hand that we can part with for a few years in exchange for a fixed interest rate. And that's OK. A high-yield savings account or money market account that earns a competitive APY is your best bet if you're still growing your emergency fund, working on your savings goals or want to withdraw your money as you need it. These accounts let you build your savings as you can, while still having access to your money if you need it. Contributing as little as $100 a month can help you work up to $1,200 in savings each year. If you can contribute more, say $250 a month, you could build an emergency fund of $3,000 in a year. And that's not counting the interest you'll earn on top of your savings. Although savings accounts have variable interest rates -- meaning they can rise and fall based on the economy and your bank's discretion -- experts expect savings rates will remain high all year. Right now, you can earn up to 5% APY with some online high-yield savings accounts. Growing a savings account takes time. Focus on what you can contribute and get into the habit of saving so it becomes a routine. You can also use automated savings tools, like round-ups and automatic transfers, to grow your savings a little faster without taking up your time. CNET Money editors are big fans of Ally Bank's automated savings features, but many online banks also offer helpful savings features.
CNET
11-06-2025
- Business
- CNET
You'll Earn This Much Interest if You Deposit $5,000 Into a CD Today
Whether you have a lot or a little to put away, a CD can help you maximize your returns. Rmcarvalho/Getty Images If you have some cash you can set aside for a specific period, a certificate of deposit can help you grow it. Unlike savings accounts, which have variable rates, a CD has a fixed rate that's locked in when you open the account. That means you'll always know exactly how much interest your money will earn. Top CDs currently offer annual percentage yields as high as 4.50% -- more than three times the national average for some terms. To give you an idea of how much that can net you, let's take a look at your returns if you deposit $5,000 into one of these CDs right now. Read more: Best CD Rates for June 2025: Lock in an APY up to 4.50% While You Still Can How much can you earn by depositing $5,000 into a CD? If you have $5,000 to put into a CD, here are some sample earnings for several popular term lengths: six months, one year, three years and five years. Your earnings with a $5,000 deposit Term Top APY Bank Interest earnings CD value at maturity 6 months 4.50% CommunityWide Federal Credit Union $92.55 $5,092.55 1 year 4.40% CommunityWide Federal Credit Union $220.00 $5,220.00 3 years 4.15% America First Credit Union $648.69 $5,648.69 5 years 4.25% America First Credit Union $1,156.73 $6,156.73 APYs as of June 10, 2025, based on the banks we track at CNET. Earnings are based on APYs and assume interest is compounded annually. The national average for a one-year CD is 1.75% APY as of June 10, 2025, while the average for a one-year CD for the top banks tracked at CNET is 4.00% APY. What difference does that make for your interest earnings? The value at maturity for a one-year CD with the national average APY would be $5,087.50if you deposit $5,000. However, if you deposit $5,000 into a one-year CD earning 4.40% APY -- the top APY among one-year CDs we track -- you'd end up with a total value of $5,220.00. How much can you earn by depositing other amounts? If you want to put more -- or less -- money into a CD, you can still earn a competitive interest rate. Here are some examples of interest earnings for other deposit amounts. Your earnings with different amounts Term Top APY $1,000 deposit $2,500 deposit $10,000 deposit $25,000 deposit 6 months 4.50% $22.25 $55.63 $222.52 $556.31 1 year 4.40% $44.00 $110.00 $440.00 $1,100.00 3 years 4.15% $129.74 $324.35 $1,297.38 $3,243.46 5 years 4.25% $231.35 $578.37 $2,313.47 $5,783.67 APYs as of June 10, 2025, based on the top APY available from the banks we track at CNET. Earnings assume interest is compounded annually. How interest on a CD is calculated The APY on your CD represents the rate of return you'll receive on your cash over 12 months. CDs earn compound interest, which means you earn interest on your initial deposit amount and any interest earned to date. All banks compound interest differently. Your CD may compound interest daily, weekly or monthly. The more frequently the interest compounds, the more money you earn. You can use a CD calculator to figure out exactly how much interest your CD could earn. How to select the right CD for you When you're looking for a CD, a good APY matters, but there are other important factors to consider, too. Ask yourself these questions when you're choosing a CD: When will I need my money? Each CD has a set term, and you can't withdraw your money during the term without paying an early withdrawal penalty. CD terms typically range from six months to five years, so pick one that fits your timeline. Each CD has a set term, and you can't withdraw your money during the term without paying an early withdrawal penalty. CD terms typically range from six months to five years, so pick one that fits your timeline. Do I meet the minimum deposit requirements? Some CDs have no minimum deposit requirement, but others may require a deposit of $1,000 or more. How much money you have to put into a CD can help narrow down your options. Some CDs have no minimum deposit requirement, but others may require a deposit of $1,000 or more. How much money you have to put into a CD can help narrow down your options. What are the costs? Some CDs charge fees, such as monthly maintenance or early withdrawal fees. These fees can eat into your earnings. Read the fine print for any CD you're considering so you know what you're signing up for. Some CDs charge fees, such as monthly maintenance or early withdrawal fees. These fees can eat into your earnings. Read the fine print for any CD you're considering so you know what you're signing up for. Is the bank insured? CDs at banks insured by the Federal Deposit Insurance Corporation and credit unions insured by the National Credit Union Administration are protected for up to $250,000 per account, per person. Look for CDs from these institutions to keep your money safe.
CNET
27-05-2025
- Business
- CNET
You Could Earn $400 (or More) if You Invest in This CD
All CDs are not created equal. Deagreez/Getty Images If you're thinking of opening a certificate of deposit, it pays to shop around. Big banks aren't the only places that offer great rates -- you can often find top APYs by expanding your search to online banks and credit unions. Right now, the highest APY for CDs we track at CNET is 4.40%, and it's offered by CommunityWide Federal Credit Union's one-year CD. To give you an idea of how much that can net you, here's a look at your interest earnings if you deposit different amounts into this account. Read more: Best CD Rates for May 2025: Boost Your Savings With APYs as High as 4.50% How much you could earn with CommunityWide Federal Credit Union's 1-year CD Your returns will vary based on how much you put into this CD. The minimum deposit CommunityWide Federal Credit Union requires is $1,000, so here's how much you could earn with that and some other amounts. Term Amount deposited APY Interest earned Balance at maturity 1-year $1,000 4.40% $44.00 $1,044.00 1-year $2,000 4.40% $88.00 $2,088.00 1-year $5,000 4.40% $220.00 $5,220.00 1-year $10,000 4.40% $440.00 $10,440.00 APYs as of May 23, 2025, based on the banks we track at CNET. Earnings are based on APYs and assume interest is compounded annually. Other CD terms CommunityWide Federal Credit Union offers seven different CD terms, ranging from six months to five years, and they all offer competitive APYs. Here's how much you could earn in each if you deposit $2,000: Term APY Interest earned on a $2,000 deposit Balance at maturity 18 month 4.20% $127.31 $2,127.31 24 months 4.00% $163.20 $2,163.20 36 month 3.80% $236.77 $2,236.77 48 months 3.60% $303.93 $2,303.93 60 month 3.40% $363.92 $2,363.92 APYs as of May 23, 2025, based on the banks we track at CNET. Earnings are based on APYs and assume interest is compounded annually. Earnings with other high-interest CDs CommunityWide Federal Credit Union may be the top CD on our list, but plenty of other banks and credit unions offer competitive rates, and you may find they're a better fit for your needs. Here are some other accounts worth considering and where you'll find them. Term Bank APY Interest earned on a $2,000 deposit Balance at maturity 1-year NexBank 4.35% $87.00 $2,087.00 1-year Limelight Bank 4.30% $86.00 $2,086.00 1-year CFG Bank 4.15% $83.00 $2,083.00 1-year Capital One 4.00% $80.00 $2,080.00 APYs as of May 23, 2025, based on the banks we track at CNET. Earnings are based on APYs and assume interest is compounded annually. How to choose the right CD for you APY isn't the only thing you should think about when comparing CDs. To find the best account for you, you should also consider: When you'll need the money: To get the highest return, you must keep your money in a CD for the entire term. If you take it out before the CD matures, you'll pay an early withdrawal penalty that will chip away at your earnings. So, look for a bank with CD terms that fit your savings timeline. To get the highest return, you must keep your money in a CD for the entire term. If you take it out before the CD matures, you'll pay an early withdrawal penalty that will chip away at your earnings. So, look for a bank with CD terms that fit your savings timeline. How much you have to deposit: Some banks have no minimum deposit requirements for their CDs, while others require anywhere from $500 to $1,000. If an account asks for more than you have to deposit, it's off your list of options. Some banks have no minimum deposit requirements for their CDs, while others require anywhere from $500 to $1,000. If an account asks for more than you have to deposit, it's off your list of options. Fees: Read the fine print to see if you'll incur any charges like monthly maintenance fees. Many online banks offer fee-free CDs, but if you decide to go with a bank that charges fees, make sure you know what they are so you aren't surprised. Read the fine print to see if you'll incur any charges like monthly maintenance fees. Many online banks offer fee-free CDs, but if you decide to go with a bank that charges fees, make sure you know what they are so you aren't surprised. Federal deposit insurance: Look for an FDIC-insured bank or NCUA-insured credit union. CDs at these accounts are protected for up to $250,000 per person, per account category, so your money will be safe if the institution fails.
