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How much interest would a $10,000 CD earn in 3 years?

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You could earn a meaningful return by depositing $10,000 into a three-year CD right now. 

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Interest rates are high at the moment. And, that may be good news for savers. That is, as long as those savers make wise moves with their savings. One such move is to open a $10,000 three-year certificate of deposit (CD)

That’s because CDs offer fixed returns for the entire term of the account. And, with today’s interest rates being so high, a three-year CD makes it possible to lock in today’s strong returns for years to come. But, what do those strong returns mean in quantifiable terms? How much interest could you earn by opening a three-year CD with a $10,000 deposit right now? That’s what we will calculate below.

Compare the top-paying CDs on the market now

How much interest would a $10,000 CD earn in 3 years?

Three of the top three-year CDs on the market right now are offered by First Internet Bank of Indiana, Popular Direct and Quontic Bank. When you open three-year CDs with these institutions, you’ll enjoy 4.61%, 4.50% and 4.40% APYs, respectively. Here’s how much money would you earn in three years by depositing $10,000 into these accounts: 

  • First Internet Bank of Indiana – 4.61% APY: A $10,000 three-year CD with a 4.61% APY would earn $1,447.74 in interest for a total balance of $11,447.74 at the end of your term. 
  • Popular Direct – 4.50% APY: A $10,000 three-year CD with a 4.50% APY would earn $1,411.66 in interest for a total balance of $11,411.66 at the end of your term. 
  • Quontic Bank – 4.40% APY: A $10,000 three-year CD with a 4.40% APY would earn $1,378.93 in interest for a total balance of $11,378.93 at the end of your term. 

So, as long as you open your three-year CD with one of these three banks, you stand to earn anywhere from $1,378.93 to $1,447.74 in interest on a $10,000 deposit. But, what if you wanted to earn even more

Earn a strong return with a three-year CD today

How to earn $2,500 on a $10,000 CD

What if you want to earn $2,500 on a $10,000 CD? In this case, you’ll need to extend your term. First Internet Bank of Indiana offers a 4.50% APY on its five-year CD term. If you were to deposit $10,000 into this account, you would earn $2,461.82 in interest in five years, just shy of your $2,500 goal. 

To get as close as possible to your $2,500 goal, you would need your five-year CD to offer a 4.57% APY. At this rate, you would earn $2,503.61 on $10,000 after five years. 

How to earn $2,500 on a 3-year CD

On the other hand, what if you want to earn $2,500 on a three-year CD? In this case, you would need to deposit more than $10,000. At today’s current rates, you could earn around $2,500 in interest on a three-year CD by depositing $17,500 with one of the leading financial institutions mentioned above. For example, if you deposit $17,500 into a three-year CD with First Internet Bank of Indiana at 4.61%, you would earn $2,533.54 in interest – bringing your total CD value to $20,033.54 at the end of your term. 

Get more out of your savings with a CD now

The bottom line

You could earn between $1,378.93 and $1,477.74 in interest on a $10,000 three-year CD with the aforementioned leading financial institutions. And, if you’d like to earn more, simply adjust your term or deposit amount. For example, if you want to earn $2,500 in interest, you may be able to do so by depositing $10,000 into a five-year CD or by depositing $17,500 into a three-year CD. Compare today’s top-paying CDs now



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Biden’s top hostage envoy Roger Carstens in Syria to ask for help in finding Austin Tice

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Roger Carstens, the Biden administration’s top official for freeing Americans held overseas, on Friday arrived in Damascus, Syria, for a high-risk mission: making the first known face-to-face contact with the caretaker government and asking for help finding missing American journalist Austin Tice

Tice was kidnapped in Syria 12 years ago during the civil war and brutal reign of now-deposed Syrian dictator Bashar al-Assad. For years, U.S. officials have said they do not know with certainty whether Tice is still alive, where he is being held or by whom.

The State Department’s top diplomat for the Middle East, Barbara Leaf, assistant secretary of state for Near Eastern Affairs, accompanied Carstens to Damascus as a gesture of broader outreach to Hay’at Tahrir al-Sham, known as HTS, the rebel group that recently overthrew Assad’s regime and is emerging as a leading power.

Near East Senior Adviser Daniel Rubinstein was also with the delegation. They are the first American diplomats to visit Damascus in over a decade, according to a State Department spokesperson. 

They plan to meet with HTS representatives to discuss transition principles endorsed by the U.S. and regional partners in Aqaba, Jordan, the spokesperson said. Secretary of State Antony Blinken traveled to Aqaba last week to meet with Middle East leaders and discuss the situation in Syria. 

While finding and freeing Tice and other American citizens who disappeared under the Assad regime is the ultimate goal, U.S. officials are downplaying expectations of a breakthrough on this trip. Multiple sources told CBS News that Carstens and Leaf’s intent is to convey U.S. interests to senior HTS leaders, and learn anything they can about Tice.

Rubinstein will lead the U.S. diplomacy in Syria, engaging directly with the Syrian people and key parties in Syria, the State Department spokesperson added. 

Diplomatic outreach to HTS comes in a volatile, war-torn region at an uncertain moment. Two sources even compared the potential danger to the expeditionary diplomacy practiced by the late U.S. Ambassador Christopher Stevens, who led outreach to rebels in Benghazi, Libya, in 2012 and was killed in a terrorist attack on a U.S. diplomatic compound and intelligence post.

U.S. special operations forces known as JSOC provided security for the delegation as they traveled by vehicle across the Jordanian border and on the road to Damascus. The convoy was given assurances by HTS that it would be granted safe passage while in Syria, but there remains a threat of attacks by other terrorist groups, including ISIS.

CBS News withheld publication of this story for security concerns at the State Department’s request. 

Sending high-level American diplomats to Damascus represents a significant step in reopening U.S.-Syria relations following the fall of the Assad regime less than two weeks ago. Operations at the U.S. embassy in Damascus have been suspended since 2012, shortly after the Assad regime brutally repressed an uprising that became a 14-year civil war and spawned 13 million Syrians to flee the country in one of the largest humanitarian disasters in the world.

The U.S. formally designated HTS, which had ties to al Qaeda, as a foreign terrorist organization in 2018. Its leader, Mohammed al Jolani, was designated as a terrorist by the US in 2013 and prior to that served time in a US prison in Iraq. 

Since toppling Assad, HTS has publicly signaled interest in a new more moderate trajectory. Al Jolani even shed his nom de guerre and now uses his legal name, Ahmed al-Sharaa. 

U.S. sanctions on HTS linked to those terrorist designations complicate outreach somewhat, but they haven’t prevented American officials from making direct contact with HTS at the direction of President Biden. Blinken recently confirmed that U.S. officials were in touch with HTS representatives prior to Carstens and Leaf’s visit.

“We’ve heard positive statements coming from Mr. Jolani, the leader of HTS,” Blinken told Bloomberg News on Thursday. “But what everyone is focused on is what’s actually happening on the ground, what are they doing? Are they working to build a transition in Syria that brings everyone in?”

In that same interview, Blinken also seemed to dangle the possibility that the U.S. could help lift sanctions on HTS and its leader imposed by the United Nations, if HTS builds what he called an inclusive nonsectarian government and eventually holds elections. The Biden administration is not expected to lift the U.S.  terrorist designation before the end of the president’s  term on January 20th.

Pentagon spokesperson Pat Ryder disclosed Thursday that the U.S. currently has approximately 2,000 US troops inside of Syria as part of the mission to defeat ISIS, a far higher number than the 900 troops the Biden administration had previously acknowledged. There are at least five U.S. military bases in the north and south of the country. 

The Biden administration is concerned that thousands of ISIS prisoners held at a camp known as al-Hol could be freed. It is currently guarded by the Syrian Democratic forces, Kurdish allies of the U.S. who are wary of the newly-powerful HTS. The situation on the ground is rapidly changing since Russia and Iran withdrew military support from the Assad regime, which has reset the balance of power. Turkey, which has been a sometimes problematic U.S. ally, has been a conduit to HTS and is emerging as a power broker.

A high-risk mission like this is unusual for the typically risk averse Biden administration, which has exercised consistently restrained diplomacy. Blinken approved Carstens and Leaf’s trip and relevant congressional leaders were briefed on it days ago.

“I think it’s important to have direct communication, it’s important to speak as clearly as possible, to listen, to make sure that we understand as best we can where they’re going and where they want to go,” Blinken said Thursday.

At a news conference in Moscow Thursday, Russian President Vladimir Putin said he had not yet met with Assad, who fled to Russia when his regime fell earlier this month. Putin added that he would ask Assad about Austin Tice when they do meet. 

Tice, a Marine Corps veteran, worked for multiple news organizations including CBS News.



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12/19: CBS Evening News – CBS News

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Mangione appears in court on federal murder charges after being extradited to New York; EPA’s efforts to tackle pollution in disadvantaged communities could be under threat

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Delivering Tomorrow: talabat’s Evolution in the Middle East

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From a startup to a transformative tech leader, discover how talabat champions innovation, sustainability, and community connections in the MENA region

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