There are multiple ways to earn a big return on your $40,000 now (and one specific one that savers should avoid).
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June 2, 2026 / 2:59 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.
A $40,000 short-term CD can earn a significant return for savers now. But that's not the only advantage to know.
Want to earn a big return on your money for months (or years)? Here's how much you'd make with a $10,000 long-term CD.
Interest earnings on a CD account of this size will be substantial and, unlike other savings accounts, guaranteed.
Have $40,000 saved for an emergency? Here are two places to consider storing it (and two places to avoid).
All three accounts can be viable for your $2,500 over the next year, but here's which one stands out the most.
