Here’s how much interest a $10,000 6-month CD will earn now

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September 8, 2026 / 4:21 PM EDT / CBS News

If you have $10,000 in a traditional savings account this September, you may want to reconsider your approach. With an average rate of just 0.38% currently, leaving money there equates to a failure to keep pace with inflation, let alone surpass it, as inflation remains over 3% right now. And with interest rates multiple times higher with high-yield savings, money market and certificate of deposit (CD) accounts, parking your money elsewhere essentially equates to an interest-earning loss when you can be making so much more with an alternative. That could be a substantial amount of money, too, when there's a five-figure amount such as $10,000 at play.

While CD accounts, in particular, will require you to lock your money away to earn a competitive return, a 6-month version won't be so prohibitive as to prevent you from shifting your approach in the near term. In the interim, however, you'll boost your savings and protect your principal from what feels like constantly evolving market conditions, thanks to the CD account's fixed…

Original source: https://www.cbsnews.com/moneywatch/