How much interest can a $10,000 9-month CD earn right now?
A 9-month CD could turn a $10,000 deposit into a worthwhile return, but how much can you earn with one this August?
For a $10,000 deposit in a 9-month CD, interest earnings vary based on the APY secured. With rates ranging from 4.00% to 4.40%, you could earn approximately $298.52 to $328.22 in interest, resulting in a final balance of $10,298.52 to $10,328.22. This gives a sense of the potential returns from shorter-term CDs. Comparatively, high-yield savings accounts offer similar returns (around $298.52 to $305.95 on the same deposit) but typically allow more flexibility with your money.
The choice between these options depends on your priorities: earning a predictable rate with a CD versus accessing your funds more readily with a savings account.
Written by urgent.news from CBS News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
