Have $40,000 saved for an emergency? Here are two places to consider storing it (and two places to avoid).
We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms.
By
May 26, 2026 / 2:58 PM EDT
/ CBS News
Add CBS News on Google
Not every savings account is suitable for retirees looking to protect $20,000 now. Here are two that are worth it.
There are multiple ways to earn a big return on your $40,000 now (and one specific one that savers should avoid).
Not sure if a $90,000 deposit is worth making into one of these three account types? Here's what to consider now.
It can be tricky to save for an emergency fund while paying off debt. Here's how to strike the right balance.
A $40,000 long-term CD will provide extended protection for your money and a big return once the account matures.
A $40,000 short-term CD can earn a significant return for savers now. But that's not the only advantage to know.
