How much interest can a $100,000 5-year CD earn now?

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How much interest can a $100,000 5-year CD earn now?

TL;DR

  • A $100,000 5-year CD account offers a guaranteed, fixed interest rate return, unlike more volatile investments.
  • Savers could earn over $23,700 to $24,300 on a $100,000 5-year CD, depending on the interest rate secured (e.g., 4.35% to 4.45%).
  • This option is suitable for savers prioritizing security over potentially higher but riskier stock market returns.
  • Locking funds for five years is a significant commitment; early withdrawal penalties apply.
  • Shopping around for the best rates and considering alternative terms or accounts like high-yield savings is advised.