A $40,000 1-year CD account will produce a substantial return for savers (and it will be available by next summer).
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July 22, 2026 / 3:59 PM EDT
/ CBS News
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Don't deposit $40,000 into either CD account term before knowing the interest earnings each offers right now.
A 2-year CD account can protect your money for an extended period and provide a sizable return once it's matured.
A $40,000 long-term CD will provide extended protection for your money and a big return once the account matures.
Interest earnings on a CD account of this size and term will be substantial (and available in just 12 months).
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.
