There are multiple ways to earn a big return on your $40,000 now (and one specific one that savers should avoid).
We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms.
By
June 2, 2026 / 2:59 PM EDT
/ CBS News
Add CBS News on Google
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.
Long-term CD accounts offer extended financial protection and big returns for those looking to deposit $40,000 now.
Have $50,000 that you're looking to grow further? Here's how much interest you can earn with four different accounts.
Interest earnings with each account type will be similar, but they won't be identical. Here's what to know now.
Don't deposit $40,000 into either CD account term before knowing the interest earnings each offers right now.
