How much interest can a $15,000 1-year CD account earn now (and is it worth opening)?
First publishedJul 28, 17:57 UTC
Last updatedJul 30, 12:53 UTC · 12m ago
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Answer
A $15,000 1-year CD account can earn around 4.5% interest, or $675, in one year.
Reported by 2 outlets — CBS News. See all sources ↓
A CD account is a type of savings account. It earns interest, but you cannot withdraw money until the end of the term. If you put $15,000 into a 1-year CD account, you can earn around 4.5% interest, or $675, in one year.
Why it matters
This information can help you decide if opening a CD account is a good idea for your money.
In brief
- What is a CD account?
- A CD account is a type of savings account that earns interest.
- Can I withdraw money from a CD account?
- No, you cannot withdraw money from a CD account until the end of the term.
- How much interest can I earn from a $15,000 1-year CD account?
- You can earn around 4.5% interest, or $675, in one year.
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CD accounts and interest rates
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