How much interest can a $150,000 CD account earn over the next year?

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How much interest can a $150,000 CD account earn over the next year?

TL;DR

  • Top 1-year CD rates are currently between 4.20% and 4.30%.
  • A $150,000 deposit in a 1-year CD could yield $6,300 to $6,450 in interest.
  • These rates are higher than in May, when a 4.10% rate was available.
  • A potential Federal Reserve interest rate hike in September could further increase CD rates.
  • Opening a CD now offers a guaranteed fixed return, principal protection, and more capital for future investment.
  • Online marketplaces can help savers find competitive rates and terms.