If You Put $500 in a CD for 5 Years, Here's How Much Money You'd Have

Plus, five sports-related stock recommendations in honor of the Paris Olympics. Created for {EMAIL} | [Web Version]( July 26, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Instagram ]( [Youtube]( [SIGN UP]( ⋅ [WEBSITE]( [] INTRODUCTION [] [Stepping Into a New Way to Grocery Shop]( [Inflation]( is never more present than in the grocery store, and [shrinkflation]( exacerbates the problem of higher prices by delivering even less product for more money. A new grocery shopping method touts that you can simplify your shopping, waste less food and save overall on your weekly shop. Kiplinger personal finance writer Erin Bendig explains [the new 6 to 1 grocery shopping method that can help you save money](, eliminate impulse purchases and make it easier to eat healthy. - Donna LeValley, personal finance writer [7 Secrets About Hiring a Financial Advisor]( Working with a financial advisor can be a crucial part of any healthy retirement plan. But choosing the wrong one could wreak havoc. Check out these 7 secrets comfortable retirees know about hiring an advisor, so you can work to potentially save years of stress. [See the list]( ADVERTISEMENT [] CALCULATE YOUR POTENTIAL EARNINGS [] [If You Put $500 in a CD for 5 Years, Here's How Much Money You'd Have]( [If You Put $500 in a CD for 5 Years, Here's How Much Money You'd Have]( (Getty Images) If you're looking for a fixed, predictable rate of return on your savings, a CD account can be a good option — especially when rates are still high. Putting your cash in a CD can help you earn hundreds of dollars in interest, with zero effort on your part. Learn [how you could earn money by putting $500 in a CD for 5 years](. And, try our [savings calculator]( to see how much you’ll earn depending on different deposit amounts and maturity dates. 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[Learn More]( ADVERTISEMENT [] OTHER KIPLINGER ARTICLES WE THINK YOU'LL ENJOY [] [Paris Olympics: 5 sports-related stocks going for gold]( Tactical investors may want to keep an eye on these sports-related stocks as the Paris Olympics kicks off tonight. [Every tax-free weekend for back-to-school shopping in 2024]( Does your state have a sales tax-free holiday for back-to-school shopping this summer? Find out when, and what, you can buy tax-free. [Credit card closed?]( Here's what you need to know about closed accounts and what to do next. [Build a Better Portfolio — Sign Up for Kiplinger's Free Investing E-Newsletters]( ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. Kiplinger is a trusted provider of unbiased financial advice, objective business and economic forecasts, and practical help to millions of business professionals, investors, and individuals seeking to make more profitable decisions with their money. 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