How much interest can a 6-month CD earn now?

MoneyWatch: Managing Your Money How much interest can a 6-month CD 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 June 8, 2026 / 2:16 PM EDT / CBS News Add CBS News on Google A 6-month CD account could be worth opening for many savers this June. Muhammad Labib Adilah/Getty Images A certificate of deposit account has multiple advantages for savers in today's economy. For starters, the account comes with an elevated interest rate of around 4% right now. That makes it exponentially more profitable than a traditional savings account with a rate under 0.40%. That interest rate is also fixed, meaning that it will hold until the account matures, even if the overall interest rate climate cools during that period. And CDs are safe and FDIC-insured up to $250,000 per account, adding another layer of protection for savers. To secure these benefits, however, savers will have to commit to leaving their funds in the account through the maturity date. Taking the money out early will lead to an early withdrawal penalty worth most or all of the interest earned on the account to that point.This is where the advantages that a 6-month CD account provides come into consideration. Rates on accounts with this term are still high, but the term won't be so lengthy as to prevent savers from pivoting their strategy later in the year. They'll also protect their principal from the market swings that they would otherwise be vulnerable to by keeping their funds in select investments. To best determine the valu...