How much interest can a $100,000 6-month CD earn at today's rates?
Summary
A 6-month certificate of deposit (CD) with $100,000 at current rates can earn between about $1,980 and $2,078 in interest by the time it matures. CDs offer a fixed interest rate, protecting the money while providing a predictable return over the short term.Key Facts
- A CD is a savings account where you lock in money for a set time to earn interest.
- Current top 6-month CD rates range from 4.00% to 4.20%.
- At these rates, a $100,000 CD will earn roughly $1,980 to $2,078 after 6 months.
- The interest rates on CDs are fixed, meaning they stay the same until the CD ends.
- CDs protect your principal, meaning the original amount won’t decrease.
- You can withdraw money only after the CD term ends without a penalty.
- Penalties for early withdrawal can erase all earned interest.
- After 6 months, you can move your money into another account or investment.
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