Here's how much interest a $10,000 6-month CD will earn now
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TL;DR
- Traditional savings accounts offer low interest rates (around 0.38%) that do not keep pace with inflation (over 3%).
- High-yield savings, money market, and CD accounts offer substantially higher returns.
- A 6-month CD with a $10,000 deposit can earn approximately $198.04 to $207.84 in interest at current rates (4.00% to 4.20%).
- Early withdrawal from a CD can result in penalties that negate all earned interest.
- Current CD rates are higher than earlier in the year but lower than in some periods of 2025.
- Online banks often offer more competitive CD rates than traditional banks.