Cd Deposit How Does A Certificate Of Deposit (cd) Work? Does It Pay The % Monthly?

How does a certificate of deposit (cd) work? Does it pay the % monthly? - cd deposit

Suppose you buy a CD to $ 1,000 at 5% price for 1 years. Does this mean I have 5% per month, representing only 5% for the year?

$ 50 per month or $ 50 per year?