Don't deposit $40,000 into either CD account term before knowing the interest earnings each offers right now.
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June 11, 2026 / 3:22 PM EDT
/ CBS News
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A $40,000 1-year CD account will produce a substantial return for savers (and it will be available by next summer).
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.
Thinking of transferring $40,000 into an 18-month CD now? Here's how much interest you would earn if you did.
A $40,000 long-term CD will provide extended protection for your money and a big return once the account matures.
Don't dismiss the benefits a $40,000 3-year CD can offer without first understanding the interest-earning potential.
