economy
Here's how much interest a $15,000 CD account can earn now
We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms.
TL;DR
- High inflation has led to elevated, steady interest rates, with potential for further hikes.
- Traditional savings accounts offer low interest (around 0.38%), while CDs offer rates over 4% with fixed terms.
- A $15,000 CD can earn between $144.16 (3-month term at 3.90%) and $3,381.78 (5-year term at 4.15%).
- CD interest is guaranteed for the term, providing security in an unstable economy.
- The decision to open a CD now or wait depends on individual circumstances and economic projections, but current rates offer substantial earnings.