Help me out? Question about CD rates...?

you'd have $1037.50 total at the end of a FULL year. I do not think that is enough to make a down payment on a house, but it might let you take a vacation. If you have that kind of time to spare, you might want to consider making a loan at www.prosper.com to folks who'll pay you more. There is some risk involved, however. If I wanted to grow $1000, I would buy things on clearance and sell them on ebay for above retail + shipping. Sorry about previous answer. The math you're looking for (on a calculator, for future reference) is 1000 x 1.0375

The CD would net you $37.50, but it would also prevent you from spending the money for at least a year.

You might want to consider a Roth IRA. You could invest the money but still pull the principal ($1,000) from the account for a house purchase... or you could add to it and keep it for retirement.

you could get at least 4% with an online savings account through Countrywide bank (savingslink), Etrade, etc. that way, you can deposit more or take out money whenever you like whereas with a CD it's tied up for 1 year.

You could go online and do much better. There are so many from 4 to 5% and even better. But to answer the question: $1,037.50

you would get $1037.50