Here's how much interest a $100,000 18-month CD can earn savers now
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- A $100,000 certificate of deposit held for 18 months could earn approximately $6,366 to $6,595 at the cited rates of 4.20% to 4.35%.
- Fixed CD rates provide a guaranteed return if the account remains open until maturity, but early-withdrawal penalties can be costly.
- Savers are advised to compare rates and consider alternatives before moving a large sum into an 18-month CD.
A $100,000, 18-month certificate of deposit could generate between about $6,366 and $6,595 if opened at the cited rates and held until maturity without penalty.
At 4.20%, the account would produce $6,365.69. At 4.30%, the return would reach $6,518.85, while a 4.35% rate would produce $6,595.45.
The fixed rate guarantees the stated return in a way that high-yield savings and money-market accounts do not. However, locking away six figures for 18 months requires planning because early-withdrawal penalties can be expensive. Savers are encouraged to compare offers and evaluate other investment options before transferring the money. A traditional savings account, cited as averaging 0.38%, would provide a much lower rate.
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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