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How much can you make with a CD this spring?

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With rates the highest they’ve been in years, a CD offers a great way for savers to grow their money this spring.

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When considering your savings account options, the timing behind opening an account is key. If you had acted in 2020 or 2021, for example, when interest rates had plummeted, the returns on most savings accounts were barely existent. But as the pandemic faded and inflation surged, interest rates rose in tandem. That’s resulted in rates on high-yield savings and certificates of deposit (CD) accounts growing exponentially. 

And, while many were hopeful that interest rates would be cut by this point in 2024, a series of disappointing inflation reports has caused the Federal Reserve to keep rates paused at a 23-year high. While that’s bad news for borrowers, its been a huge boost for savers with high-yield savings accounts and CDs. The latter type comes with slightly higher rates right now – and those rates will be locked, offering savers protection and predictability should rates eventually come down later this year or in 2025.

To understand the benefits of opening a CD this spring, however, it helps to know exactly how much you can earn in interest. Below, we’ll break down, in dollars and cents, precisely what you can make by opening a CD now.

See what CD interest rate you can secure online now.

How much can you make with a CD this spring?

Multiple factors will determine what you can make with a CD this spring. The interest rate is critical. But so is the term (or length) of the CD you choose and the amount you deposit upon opening the account. For the below calculations, we also assumed no fees or early withdrawal penalties would apply. 

That said, here’s how much you can make by opening a CD this spring based on a few different opening deposit amounts and available rates:

3-month CD at 5.50%

  • $1,000: $13.48 for a total of $1,013.48 after three months
  • $5,000: $67.38 for a total of $1,067.38 after three months
  • $15,000: $202.13 for a total of $15,202.13 after three months

6-month CD at 5.50%

  • $1,000: $27.13 for a total of $1,027.13 after six months
  • $5,000: $135.66 for a total of $5,135.66 after six months
  • $15,000: $406.98 for a total of $15,406.98 after six months

See how much you could make with a 6-month CD here now.

12-month CD at 5.38%

  • $1,000: $53.80 for a total of $1,053.80 after 12 months
  • $5,000: $269.00 for a total of $5,269.00 after 12 months
  • $15,000: $807.00 for a total of $15,807.00 after 12 months

18-month CD at 5.30%

  • $1,000: $80.54 for a total of $1,080.54 after 12 months
  • $5,000: $402.72 for a total of $5,402.72 after 12 months
  • $15,000: $1,208.16 for a total of $16,208.16 after 12 months

2-year CD at 5.30%

  • $1,000: $108.81 for a total of $1,108.81 after two years
  • $5,000: $544.05 for a total of $5,544.05 after two years
  • $15,000: $1,632.13 for a total of $16,632.13 after two years

3-year CD at 5.75%

  • $1,000: $182.16 for a total of $1,182.16 after three years
  • $5,000: $913.04 for a total of $5,913.04 after three years
  • $15,000: $2,739.13 for a total of $17,739.13 after three years

5-year CD at 4.70%

  • $1,000: $258.15 for a total of $1,258.15 after five years
  • $5,000: $1,290.76 for a total of $6,290.76 after five years
  • $15,000: $3,872.29 for a total of $18,872.29 after five years

Learn more about your CD options online today.

The bottom line

Depending on the amount you deposit, the term you agree to and the interest rate you secure, you can make anywhere from $13.48 to $3,872.29 by opening a CD this spring. That said, it will take time to earn these returns, with the lower amount available in just three months. With rates high right now, however, and the forecast for rate cuts unknown, it makes sense to lock in a rate as soon as possible. That said, tax implications will need to be considered when opening these accounts, so be sure to consult an accountant or financial advisor before filing your taxes next spring.



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Scott Pelley reporting on mines in Ukraine

60 Minutes


For more than five decades, 60 Minutes has covered it all—from headline news to quiet human stories—fit neatly in one hour. Now in the digital age, we have more time and use novel approaches to report the news.

Syria was home to one of the first civilizations on earth; today, the country is picking up the pieces from the ruins of humanity’s oldest sin. Half a century of dictatorship between Bashar al-Assad and his father, Hafez. Half a million lives lost in a civil war under the younger Assad’s hand.

Now that he’s gone, Syria is looking toward its future. But before the country can plan what’s to come, its people want the world to be reminded of what has taken place.


Syria under Assad: Torment and torture

07:08

In May, Norah O’Donnell sat down with Pope Francis for a historic interview. The head of the Catholic Church for more than a decade, Francis had previously never spoken at length with an English-language American broadcast network, and he spoke to 60 Minutes in his native Spanish. 

In a wide-ranging conversation lasting more than an hour, O’Donnell spoke with the pontiff about numerous topics, including the war in Gaza. There is one Catholic church in the Gaza Strip, the Holy Family Church, and the pontiff told O’Donnell he calls there every evening at 7 p.m. and speaks with the priest, Father Youssef Asaad.

Because his more progressive approach has created a division with traditionalists, O’Donnell asked Francis how he saw his legacy.

“Church is the legacy, the Church not only through the pope, but through you, through every Christian, through everyone…” he answered. “We all leave a legacy, and institutions leave a legacy. It’s a beautiful progression. I get on the bandwagon of the Church’s legacy for everybody.”


60 Minutes goes inside the Vatican with Pope Francis

05:58

In February, 60 Minutes correspondent Sharyn Alfonsi reported on the challenges humanitarian aid workers are facing inside Gaza as they try to deliver food, medicine and health care to Palestinians caught in the crossfire between Israel and Hamas. 

“I don’t think I’ve been this close to the sound of missile strikes…with a hospital shaking while I’m trying to operate,” Dr. Nareen Ahmed, American doctor and medical director of MedGlobal, told 60 Minutes.

Alfonsi and producer Ashley Velie have been reporting on Gaza since the first Israel-Hamas war in 2006. One stark difference this time is the lack of access: Israel has barred journalists from entering Gaza independently. While they were able to speak with Hamas leadership in 2006, for this story, Alfonsi and Velie had to rely on aid workers who documented their harsh reality. 

“This is unusual,” Alfonsi said. “There is a longstanding precedent of allowing journalists into the war zones.” 


Reporting on the wars in Gaza— in 2006 and now

06:18

In his bid for a second term in the White House, President-elect Donald Trump made immigration a defining issue in the 2024 presidential race. 

“The Republican platform promises to launch the largest deportation operation in the history of our country,” he said at the Republican National Convention this past July, as his crowd of supporters held signs bearing the phrase “mass deportation now!”

Trump has pledged to expel a large number of migrants since at least 2015, when he was first running for commander in chief. In the last nine years, one thing has frequently come up when Trump mentions removing en masse the migrants who have crossed the border illegally: the name of another former president. 

“You look back in the 1950s, you look back at the Eisenhower administration, take a look at what they did, and it worked,” Trump told 60 Minutes correspondent Scott Pelley in 2015.

What the U.S. government did under Dwight D. Eisenhower was a massive military-style sweep. U.S. Border Patrol agents conducted raids to round up Mexican laborers from farms and ranches, then transported them deported deep into Mexico. Historians say the program tore families apart, violated civil rights — and at times, even turned deadly.

Moreover, those who have studied the Eisenhower administration’s approach say this short-term show-of-force did not stop the problem.


The blueprint of Trump’s deportation plan: A questionable approach by Eisenhower

06:22

For the season premiere of 60 Minutes, correspondent Cecilia Vega and a producing team intended to report on tensions between China and the Philippines in the South China Sea. They did not expect to end up in the middle of an international incident themselves, seeing China’s intimidation tactics first-hand. 

The plan was for the 60 Minutes team to accompany the Philippine Coast Guard on a routine mission to resupply its ships and stations aboard the Cape Engaño. While aboard the ship, the team was woken up at 4 a.m. by a loud bang, followed by an alarm. A Chinese ship had rammed the Cape Engaño, the Philippine crew informed them, telling them to put on life jackets and stay put inside their cabins. 

Once back on deck, the 60 Minutes crew saw the three-and-a-half-foot hole torn into the Cape Engaño’s hull. As daylight dawned, they also saw how many Chinese ships surrounded the Philippine ship, bows pointed at it. During the standoff, the crew aboard the Cape Engaño was unable to access internet or cell service, and the Filipinos said it was likely because the Chinese were jamming their communications.  

“It was scary. I mean, there’s no other way to describe it,” 60 Minutes producer Andy Court said. “And I don’t think anything you put on television will accurately convey what it’s like.”


60 Minutes witnesses international incident in the South China Sea

05:40

This fall, 60 Minutes correspondent Jon Wertheim reported on the recent success of the WNBA, the top league of American women’s basketball. Legions of new WNBA fans are filling up arenas and tuning into games. Attendance is up 48% across the league and TV ratings have surged 153% from last season.

One thing has driven this boost in viewership: rookie WNBA player Caitlin Clark. Millions watched Clark’s performance in the NCAA Women’s Basketball Tournament earlier this year and were amazed by what has now become her signature shot: a three-pointer from just inside mid-court, near the home team logo, also known as the “logo 3.”

Now a player on the Indiana Fever, Clark took 60 Minutes to a Fever practice court and showed Wertheim all the different elements that come together for this crowd-dazzling shot. 


Caitlin Clark’s logo 3: Fever player breaks down her signature shot

04:03

In New York City, there has been a quarter-century-long effort to reclaim the dead.

On September 11th, 2001, the bodies of nearly 2,800 people were buried at ground zero, reduced to anonymous fragments in a grave made of concrete and steel. Most people know of the visible bravery in lower Manhattan that day, the nobility of the first responders running up the stairs while everyone else was coming down. Less well known was another group of first responders, whose tireless effort to identify the victims has been quietly ongoing since.

Today, new technology is helping the New York City Office of the Chief Medical Examiner keep a promise to do whatever it takes, as long as it takes, to put names to the remains.


Reclaiming the 9/11 dead

06:23

Ukraine has a landmine crisis

Since Russia’s full-scale invasion began two years ago, Ukraine has become one of the most mined countries in the world. These hidden weapons are crippling the country’s agricultural economy and maiming — even killing — its civilians. Since 2022, landmines and explosive remnants of war have contributed to more than 1,000 civilian casualties in Ukraine. The HALO Trust, a nonprofit organization focused on ridding warzones of landmines, estimates the number of mines in Ukraine at the moment to be in the millions. 

“We must remember that the conflict is still ongoing and is likely to for the foreseeable future,” said Pete Smith, the Ukraine program manager for the HALO Trust. “So, many of these minefields are not actually in reach of us at this moment in time. But when Ukraine is able to recover its territories, clearly a concerted effort is going to be needed over generations.”


Ukraine’s landmine crisis

06:10

U.S. officials in Vietnam were injured in a Havana Syndrome style attack ahead of Vice President Kamala Harris’s 2021 trip to Hanoi. Now, new evidence suggests Russia may have been involved — and that it may have been the Vietnamese themselves who were given technology that could have caused the injuries. 

At the time, the U.S. embassy in Hanoi announced that a possible “anomalous health incident,” the federal government’s term for so-called Havana Syndrome attacks, was slowing Harris’s arrival in Vietnam. 60 Minutes has learned that 11 people reported being struck in separate incidents before Harris entered the country: two people who were officials at the American embassy in Hanoi, and nine people who were part of a Defense Department advance team preparing for Harris’s visit.

“Once you admit that this happened, it is a Pandora[‘s] box,” said Christo Grozev, an investigative journalist who currently leads investigative work for The Insider. “It requires you to confront the fact that you have your arch enemy acting against your own people, your own intelligence workers, on your territory, and this is nothing other than a declaration of war.”


Havana Syndrome in Vietnam: Possible Russian role in attack on Americans, according to new evidence

06:17

In May, Anderson Cooper reported on a photo album received by the United States Holocaust Memorial Museum that turned out to be the personal scrapbook of a high-ranking SS officer, Karl Höcker. Höcker worked at the notorious Auschwitz concentration camp.

A play that has been nominated for a Pulitzer Prize, “Here There Are Blueberries,” is now telling the story of the historians and archivists who uncovered the identities of the people in the haunting photographs. The play’s title comes from a series of photos in the album— young secretaries who worked under Karl Höcker are seen eating blueberries. 

They were called ‘Helferinnen,’ or ‘helpers,’ and they weren’t just young women who got drafted and sent there. These were young women who, historians say, had grown up with Nazi ideology and knew full well what was transpiring at Auschwitz.

“Part of the communication that they had to do was communicating the arrivals of trains, how many people had been selected for work, and how many people had been selected to be gassed,” said Rebecca Erbelding, a historian at the United States Holocaust Memorial Museum who in 2007 had received the photo album in the mail. “And so they were sending those messages back to Berlin. So they absolutely [knew].”  


The SS “helpers” at Auschwitz

05:29

In the last year, hackers from around the world have teamed up to attack tech companies, hotels, casinos, and hospitals in the United States, taking their data hostage by encrypting it and demanding ransom for the keys to unlock it. 

Jon DiMaggio, a former analyst who worked for the National Security Agency, now investigates ransomware as chief security strategist for the cybersecurity firm Analyst1.

DiMaggio said he has spent years developing relationships with ransomware hackers on the dark web and worked his way up to the leadership of the ransomware gang LockBit. 

“I realized these guys are touchable…I can pretend to be someone else and go out and actually talk to them and extract information,” he told 60 Minutes.


Infiltrating ransomware gangs on the dark web

06:20



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