Calculations and Results

Before the COVID$-19$ pandemic, banks were offering decent Certificate of Deposit rates. It is alw best to shop around for the banks with the highest interest rates by visiting their website or spea with an agent. Recently, interest rates have usually varied from $1\%$ to $4\%$ with a minimum deposi that can range from $$500$ to $$10,000.$ From personal experience, credit union often offer the hig! rates, and at one time, a local credit union here in the Last Vegas Valley advertised these rates found below. The interes compounded daily.

$\backslash$table$[[$Minimum Deposit,Term Length,Interest Rate$],[$$$10,000,9$ months,$4\%$