How much interest will a $15,000 long-term CD account earn if opened this July?
Locking in today's top long-term CD rates could earn more than you'd expect over the life of the account.
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Millions of savers have their money stashed away in traditional savings accounts right now, and many assume that the savings rate they're earning, which averages 0.38% APY currently, is the best they can get. In practice, though, the returns on that type of savings account will barely move the needle. After all, inflation is running at 4.2% annually right now, according to the latest Consumer Price Index reading, which means that any account offering a rate lower than that is losing purchasing power faster than it's gaining interest.
But while many savers default to keeping their money in traditional savings accounts, those are hardly the only option available. The Federal Reserve has held interest rates steady since the start of 2026, and, in turn, many banks and credit unions are continuing to offer competitive certificates of deposit (CDs) with yields that are several times higher than what you can earn with a traditional savings account. In turn, CDs should be on the radar for any saver who's looking for predictable, low-risk returns.
Choosing a CD isn't just about finding the highest interest rate, though. The term you select also plays a major role in determining how much your savings can ultimately grow — and a longer commitment can help you preserve today's yields if rates drift lower in the future. So, if you're considering opening a $15,000 long-term CD this July, here's how much you could earn across a few different terms.
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How much interest will a $15,000 long-term CD account earn if opened this July?