Interest earnings on a 1-year CD account remain competitive. Here's what savers need to know before getting started.
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June 4, 2026 / 12:35 PM EDT
/ CBS News
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A 2-year CD can result in a sizable return on your savings, but that's not the only benefit to know right now.
An 18-month CD will protect your money well into 2027 while allowing you to earn a substantial return in the interim.
Don't deposit $40,000 into either CD account term before knowing the interest earnings each offers right now.
Interest earnings with a 6-month CD can be significant now, and they'll be available relatively quickly, too.
You can still earn plenty of interest with a CD account this summer, whether or not CD rates increase.
CD interest rates remain high now, but are they high enough to support a $1,000 deposit? Here's what to consider.
