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🇺🇸 United States /Economy & Trade

Here's how much interest a $10,000 6-month CD will earn now

From CBS News · () English

Summarized by DistantNews. Read the original for the full story.

At a glance

In-depth From a news agency Context piece
  • A $10,000 six-month certificate of deposit earning between 4.00% and 4.20% would generate about $198 to $208 at maturity, assuming no early-withdrawal penalties.
  • The article says savers must keep the money in the account for the full six-month term to receive the expected return.

A $10,000 six-month certificate of deposit could earn about $198 to $208 at maturity at current top rates ranging from approximately 4.00% to 4.20%.

The article calculates returns of $198.04 at 4.00%, $205.39 at 4.15% and $207.84 at 4.20%, assuming the account reaches maturity without penalties.

Early withdrawal fees could erase the interest earned. Savers who keep the money locked in the account through the six-month term would protect their principal while adding roughly $200.

About this summary

Originally published by CBS News. Summarized and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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