This is the amount you earn if you deposit $10,000 on a CD today.
There are many things I like about certificates of deposit. They offer low risk, guaranteed revenue, and predictable returns, which is valuable in any economy, but especially Customs and Stock markets are falling sharply Are you worried about your financial security?
You can earn up to 4.50% annual rate (APY) with today’s Best CD. To understand how well this is going, here’s the revenue you earn if you put $10,000 on your top CD now: (Don’t you deposit that much? Don’t worry, I’ll see other amounts too.)
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How much can I earn by depositing $10,000 on a CD?
Here are the amounts you can earn if you deposit $10,000. 6 months, 1 year, 3 years and 5 years of CD. Calculate returns based on the highest APY currently available in each CD terminology, based on the banks you track with CNET.
Revenues of $10,000 CD deposit
| semester | Top apy | bank | Interest income | CD value at maturity |
|---|---|---|---|---|
| 6 months | 4.50% | Commynitywide Federal Credit Union | $222.52 | $10,222.52 |
| 1 year | 4.40% | Basque Bank; Commynitywide Federal Credit Union | $440.00 | $10,440.00 |
| 3 years | 4.15% | America First Credit Union | $1,297.38 | $11,297.38 |
| 5 years | 4.20% | America First Credit Union | $2,283.97 | $12,283.97 |
As of April 9, 2025, it is based on banks tracked by CNET. Assume revenue is based on APY and that interest will be worse every year.
National Average For a one-year CD, the average one-year CD based on the banks tracked by CNET is 4.04% APY. If you deposit $10,000 on a one-year CD that pays a national average of 1.78% APY, the value at maturity is $10,178.00. If you deposit $10,000 on a one-year CD that earns 4.40% APY (top APY from our list), it’s worth $10,440.00 at maturity.
Don’t have $10,000? no problem. Here are some things you can earn with a small deposit:
You don’t need to get $10,000 to earn competitive interest rates with your savings. Most of the CD accounts on the list do not have the minimum deposit required to lock up high CD rates. Here are some other deposit amounts you can earn:
Small-scale CD sediment revenues
| semester | 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 | 4.20% | $114.20 | $228.40 | $570.00 | $1,141.98 |
As of April 9, 2025, it is based on top APY available from banks tracking on CNET. We assume that interest is worsening every year.
How to calculate CD interests
When you open the CD, the APY represents the actual rate of return you earn from your deposit in a year. apy reflects Combining interestsmeaning that it’s not just about gaining interest on your first deposit. Your interest will also earn interest.
Some banks focus their interests every day, while others coordinate their interests monthly, quarterly, or six months. The more frequent the worse the interest, the more money you earn.
You can use a compound interest calculator to see how much money can grow on CDs. I recommend using this calculator from US Securities and Trade Commission.
One of the biggest trade-offs for most CDs is early withdrawal punishment. If you need to withdraw money early, most CDs will charge an early withdrawal penalty equivalent to a certain period of time. These penalties can eat up your profits. If you need to access your money faster, a high-yield savings account may be better.
Are you still increasing your savings? A high-yield savings account is useful
CDs are the perfect option if you’re saving money that doesn’t have to touch them for a set period. Most of us don’t have thousands of people in hand that we can let go for years in exchange for a fixed interest rate. And that’s fine.
a High-yield savings account or Money Market Account Getting a competitive apy is still your best bet Raising your emergency fundsyou are working on your savings goals or want to withdraw money if necessary. These accounts allow you to build up as much savings as you can, while accessing money whenever you need it.
Donate $100 a month and you can make a savings of up to $1,200 each year. If you can make more donations, such as $250 per month, you can build $3,000 in emergency funds per year. And it’s not counting the profits you earn in addition to your savings. There are a variety of interest rates in savings accounts – meaning that they can go up and down based on the discretion of the economy and banks, but experts expect savings rates to remain high all year round. Now you can earn up to 5% apy with some Online High Yield Savings Account.
It takes time to grow a savings account. Focus on what you can contribute, get into a savings habit and make it a routine. You can also use it Automatic savings toollike roundups and automatic transfers, grow your savings a little faster without taking the time. CNET Money Editor is a huge fan Ally Bank’s automatic savings featureHowever, many online banks also offer useful savings features.