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By
May 21, 2026 / 1:30 PM EDT
/ CBS News
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A $40,000 long-term CD will provide extended protection for your money and a big return once the account matures.
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By
May 21, 2026 / 1:30 PM EDT
/ CBS News
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Will bank fixed deposit rates rise soon? Higher CD costs signal better returns for savers

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A $40,000 short-term CD can earn a significant return for savers now. But that's not the only advantage to know.

Interest earnings on a CD account of this size will be substantial and, unlike other savings accounts, guaranteed.

Have $15,000 earning little interest in a regular savings account? Here's what you'd earn by moving it into a CD now.

The interest-earning potential of a short-term CD and a high-yield savings account is similar now, but not identical.

The gap between the returns on a $25,000 CD and a $25,000 high-yield savings account may surprise you.

Have $7,500 that you're looking to protect and grow? Here's how much interest you'd earn with these three accounts.