Considering investing $1,000,000 in a Certificate of Deposit (CD) and wondering about potential earnings?
Dive into the details of how a $1,000,000 certificate of deposit can grow over the course of a year. Additionally, insights into other commonly chosen certificate of deposit term lengths are included. These projections are based on a consistent 2.90% annual interest rate. If your CD offers a different interest rate, you can adjust it below for accurate forecasts.