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By
May 22, 2026 / 1:55 PM EDT
/ CBS News
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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.
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By
May 22, 2026 / 1:55 PM EDT
/ CBS News
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Will bank fixed deposit rates rise soon? Higher CD costs signal better returns for savers

Have your say: What would you do with a $60,000 windfall?

CD rates on the rise could soon bring more on retail deposits

My friend, 62, earns $20,000 a year. Should -2-