Here's how much interest a $15,000 CD account can earn now

MoneyWatch: Managing Your Money Here's how much interest a $15,000 CD account can earn now We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance. Read Full Bio Matt Richardson May 22, 2026 / 8:46 AM EDT / CBS News Add CBS News on Google A $15,000 CD account could produce a significant returns for savers who act now. Joseph Kelly/Getty Images While inflation may be rising according to recent reports and is now at its highest point in three years, there has been a silver lining for savers. Largely because of this surge, elevated interest rates are holding steady. And, depending on how the economy adapts, interest rate hikes could even be back in consideration later this year. While savers won't be able to exploit these conditions with a traditional savings account, which comes with an average rate of just 0.38% now, they can effectively do so with alternative account types. A certificate of deposit (CD) is one of the better choices.CD interest rates remain high now, with many savers able to lock in a rate over 4% currently. And the rate is fixed, meaning that it will hold through the account's maturity date even if rates decline before then (though that seems unlikely based on current economic projections). Understanding this, savers with five-figure amounts of money may want to consider shifting it out of that traditional account and into a high-rate CD instead. Because the account is locked, however, and because savers will need to pay an early withdrawal fee to regain access before that maturity date hits, it's critical...