How much interest can a $1,000 CD account earn now (and is it worth opening)?

MoneyWatch: Managing Your Money How much interest can a $1,000 CD account earn now (and is it worth opening)? 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 June 3, 2026 / 1:13 PM EDT / CBS News Add CBS News on Google A $1,000 CD account won't be right for every saver, even in today's elevated interest rate environment. Getty Images/iStockphoto While it can be tempting to deposit as much money as you possibly can into a high-rate certificate of deposit (CD) account now, the reality is that you likely need to maintain access to your money. And, with a CD account, you won't be able to. The high, fixed interest rates that CDs come with require savers to sacrifice access to their funds for three months or longer to earn that rate. In today's volatile economic climate, in which inflation is rising and wages are softening, however, this is a difficult balancing act for savers. But it doesn't have to be.With a $1,000 deposit, for example, savers can still earn a rate of 4% or higher on their money while still leaving the balance of their funds available as needed in an alternative account. But does the interest earnings on a $1,000 CD actually justify sacrificing that accessibility, or are savers with this much to deposit better served by exploring other options? To better understand the value of an account of this size now, it helps to start with the interest-earning potential that accompanies it. Below, we'll do the math that savers need to know in advance.Start earning more interest on yo...