If I put $5000 into a CD that has an interest rate of 5% for a six-month period does the CD mature at the six-month period? How much should I expect to make on interest at the maturity point?
If the CD is as you have described it, it would mature at the end of six months. It might automatically renew for a similar period (or it might not). If it automatically renews, most banks provide a grace period of five to ten days after the maturity date during which you can still redeem the CD without penalty.
The exact amount of interest you'd earn in six months can vary, depending on how often interest compounds and whether the 5% rate you've given is the rate that's used in calculation or the annual percentage yield on the account, but a good estimate is $125, give or take a few dollars.
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If the CD is as you have described it, it would mature at the end of six months. It might automatically renew for a similar period (or it might not). If it automatically renews, most banks provide a grace period of five to ten days after the maturity date during which you can still redeem the CD without penalty.