I Only Have $500 to Invest. Is Opening a CD Worth It?
The Motley Fool
MAY 17, 2024
Data source: Author's calculations If you know you can do without that $500 for a full year, here's what a competitive 12-month CD would earn: APY 4.50% 4.75% 5% 5.25% 5.50% End balance $522.97 $524.27 $525.58 $526.89 $528.20 Data source: Author's calculations So, yeah, I get it. Total interest $11.36 $11.99 $12.63 $13.27 $13.91
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