The Potential Earnings of a $10,000 CD Investment in 1 Year

Investing $10,000 in a one-year CD can earn you around $168 with the national average rate of 1.68%, $3 with big brick-and-mortar banks, and $500 with competitive rates of 5%. Online banks like Limelight Bank, Bread Savings, and Live Oak Bank offer top-notch yields on one-year CDs. CD rates can fluctuate due to various factors, and withdrawing funds from most CDs will result in an early-withdrawal penalty. Alternatives to one-year CDs include savings accounts and money market accounts. Shopping around at different banks can help you find the best APY, with the most competitive rates often found at online banks.