Investing in Certificates of Deposit (CDs): How Much Money You Could Make with a $2,500 Investment
Tuesday, 14 May 2024, 23:00
Investing in Certificates of Deposit (CDs)
Today, investors have an unprecedented opportunity to buy certificates of deposit (CDs) paying very competitive rates. But are they worth investing in? Let's analyze how much money you could make with a $2,500 investment in different CD terms.
Potential Returns
- 6-month CD: 4.95% APY - $61.13 interest earned
- 1-year CD: 5.15% APY - $128.75 interest earned
- 5-year CD: 3.90% APY - $527.04 interest earned
As the longer you invest, the more you can earn, consider the benefits of short-term CDs amid current economic uncertainties and the inverted yield curve.
Learn more about the best CD rates and seize the opportunity while they last.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.