Will CD account interest rates rise this summer? Experts weigh in

MoneyWatch: Managing Your Money Will CD account interest rates rise this summer? Experts weigh in 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 Aly J Yale Aly J Yale Aly J. Yale is a contributing writer for the Managing Your Money section for CBSNews.com, covering various personal finance topics, including investing, homebuying, loans and more. Read Full Bio Aly J Yale June 2, 2026 / 9:13 AM EDT / CBS News Add CBS News on Google Today's CD rates are fairly high, historically speaking, but could they climb even higher this summer? Seiya Tabuchi/Getty Images Interest rates have been high but fairly stable lately. While that's not great for those who need to borrow cash or take on credit right now, it is good for those looking to earn as much interest as possible on their savings. After all, today's high rates can translate into meaningful interest earnings, especially if you choose your accounts wisely.While there are several options for earning interest on your savings, certificate of deposit accounts (CDs), in particular, are generally a smart option for this goal. Unlike traditional or high-yield savings accounts, a CD account will allow you to lock in today's high interest rates for months or even years down the road. But should you lock in that CD rate now, or wait a little further into summer to maximize your CD earnings? Here's what experts say is on the agenda for CD rates in the next few months. Find out how much you could earn with the right CD account today.Will CD account interest rates rise this summer? Here's what experts sayOverall, the experts we spoke to think CD rates will continue to hold steady this summer. That means savers are likely to continue seeing a national average CD rate of between 0.21% and 1.50%, depending on the CD's term, and about 4.10%...