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July 22, 2026 / 3:59 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).
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By
July 22, 2026 / 3:59 PM EDT
/ CBS News
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Opening a $40,000 5-year CD account now could be a smart choice for savers. Here's how much interest they'd earn.

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 9-month CD will produce a sizable return for savers who act now, but it's not the only benefit to consider.

A $40,000 long-term CD will provide extended protection for your money and a big return once the account matures.

Thinking of transferring $40,000 into an 18-month CD now? Here's how much interest you would earn if you did.