Here's How Much Interest You'll Earn by Depositing $10,000 Into a CD Now

One of the biggest trade-offs for most CDs is early withdrawal penalties. If you need to pull out your money early, most CDs charge you an early withdrawal penalty equal to a certain period's worth of interest. These penalties can eat into your interest earnings.

If you'll need to access your money sooner, a high-yield savings account may be a better fit..