How much interest will a $10,000 9-month CD earn if opened now?
A $10,000 9-month CD could be worth opening right now. Here's how much interest savers can earn with an account.
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March 23, 2026 / 11:54 AM EDT / CBS News
If you're a saver looking for a safe and profitable home for your money, you're likely not alone this March. After a month filled with disappointing inflation and unemployment reports and a Federal Reserve meeting that again resulted in elevated interest rates remaining frozen, savers understandably may be looking for new homes for their money. And a traditional savings account with a variable rate currently averaging under 0.50% currently isn't likely the solution. A certificate of deposit (CD) account , however, can still be.
While rates on CDs declined in 2024 and 2025, they've held steady so far in 2026. And they're unlikely to change now that the chances of a Fed rate cut this year have dimmed considerably. These rates are also exponentially higher than what traditional accounts offer, and they're fixed , meaning that the 4% rate you open an account with this month will be the same 4% interest rate your account matures with by the end of the year. To have your account (and money) accessible before 2027, then, you'll need to consider a short-term option such as a 9-month CD. These accounts come with competitive rates right now, but they won't lock your money away for an extended period, giving you flexibility to pivot by the end of 2026, based on market conditions at that point.
Before getting started, savers need to know the exact interest-earning potential of their account, especially if they're looking to protect a larger sum such as $10,000. But how much interest will a $10,000 9-month CD earn if opened now? Thanks to the fixed rate, the math is simple to calculate.
Start earning more interest on your money with a high-rate CD account here .