economy
How much interest will a $25,000 2-year CD earn if opened this August?
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TL;DR
- Top 2-year CD rates in August range from 4.10% to 4.30% APY.
- A $25,000 deposit in a 2-year CD could earn $2,092 to $2,196 in interest.
- This is significantly higher than the estimated $190.36 earned in a traditional savings account at 0.38% APY over two years.
- CD rates are fixed for the term, providing certainty regardless of future Fed rate changes.
- High-yield savings accounts offer variable rates that can decrease, unlike CDs.