Have $10,000 to put into a 3-year CD? Here’s how much interest you could earn now

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September 11, 2026 / 12:20 PM EDT / CBS News

Finding a safe place for your savings has been a relatively rewarding task over the last few years. While the interest rate environment has shifted considerably from its post-pandemic peak, savers can still find certificate of deposit (CD) accounts paying returns that would have been difficult to come by earlier in the decade. And for those who don't need immediate access to their cash, locking in one of those top CD rates can provide some valuable predictability.

And, that rate predictability alone could be a particularly important factor to consider right now. After all, the interest rate landscape remains uncertain this September, and changes in the Federal Reserve's monetary policy could eventually affect what banks are willing to pay depositors. A CD eliminates some of that uncertainty because its annual percentage yield (APY) generally remains fixed for the entire term, even if comparable savings rates fall afterward.

But choosing the right CD isn't just about finding the highest APY. The term matters, too, particularly if you're committing a meaningful amount…

Original source: https://www.cbsnews.com/moneywatch/