How much interest can you earn on $40,000 now? Here are 4 options to consider.

MoneyWatch: Managing Your Money How much interest can you earn on $40,000 now? Here are 4 options to consider. 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 2, 2026 / 2:59 PM EDT / CBS News Add CBS News on Google Your $40,000 will grow differently based on the account it's kept in. Richard Drury/Getty Images Whether it took you years to save up a large sum of money, such as $40,000, or whether it was accumulated fairly quickly via an inheritance, bonus or tax refund, the importance of securing it in a safe and profitable account can't be understated. That's especially true in today's economy, in which inflation is surging again, wages are softening and higher interest rates are continuing to make borrowing problematic. At the same time, that last factor also continues to result in higher returns on a variety of savings vehicles, giving savers multiple options to choose from now.Interest rates and structures will vary based on the account in question, though. So savers shouldn't assume that they'll earn the same amount of interest with a $40,000 high-yield savings account as they would with a money market account, for example. Certificates of deposit (CDs) and traditional savings account returns will also look different. To better determine which of these four makes the most sense for your money now, it helps to know how much interest you can earn with your $40,000 in each. Below, we'll complete the calculations that savers should know before getting started.See how much interest you...