How much interest will a $35,000 CD account earn now?

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A $35,000 certificate of deposit today could earn between $1,050 and $1,750 in interest over a year, depending on the term and current rates. CDs with five-year terms offer the highest yields, sometimes exceeding 5 percent annually, while shorter three-month or six-month CDs typically pay 4.5 to 5 percent. Banks and credit unions have raised rates to compete for deposits as the Federal Reserve maintains elevated interest rates, creating an opportunity for savers willing to lock in funds for fixed periods.