Answer: It depends on the banks APY
annual percentage yield
Step-by-step explanation: Let’s say your bank gives you a rate of 2.10 %,
If you purchase a CD $125,000 for a 3 year term. Your APY would be $8,041.52 for 3 years. So at the end of your CD term, you should have a balance of $133,041.52. Hope this gives you an idea.
