When you open a CD, you'll lock in today's rates for the entire term. Here's how much you can earn.
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By
Kendall Little
Updated on: April 30, 2026 / 9:14 AM EDT
/ CBS News
Looking to lock in a high-rate CD account this May? Here's where interest rates could be heading in the month.
An 18-month CD will protect your money well into 2027 while allowing you to earn a substantial return in the interim.
A $90,000 CD account may feel unconventional, but the interest-earning ability is still worth knowing for savers.
You can still earn plenty of interest with a CD account this summer, whether or not CD rates increase.
A $40,000 short-term CD can earn a significant return for savers now. But that's not the only advantage to know.
Have $15,000 earning little interest in a regular savings account? Here's what you'd earn by moving it into a CD now.
