If You Deposit $10,000 Into a CD Today, Here's How Much Interest You'll Earn

A CD can help you grow your money reliably, however much you have to deposit. Mensent Photography/Getty Images A certificate of deposit has plenty of perks, but one of the top ones is a fixed interest rate. Your annual percentage yield (APY) is locked in when you open a CD, so your earnings stay the same regardless of what happens in the economy. At a time when the economy is shaky -- as it is now -- that can be especially valuable. Today's top CDs offer APYs as high as 4.50% -- more than three times the national average for some terms. What does that look like in dollars and cents? Let's break down how much interest you'd accrue by deposit $10,000 into one of these CDs. (And if you don't have $10,000 to deposit, don't worry. We'll look at other amounts, too.) How much can you earn by depositing $10,000 into a CD? Here's how much you can earn if you deposit $10,000 into a six-month, one-year, three-year and five-year CD. We're calculating your return based on the highest APYs curr ... Read full article.