How much interest can a $50,000 5-year CD account earn now?

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September 17, 2026 / 12:25 PM EDT / CBS News

There's more money to be earned by savers again. That was one of the major takeaways this week after the Federal Reserve increased its benchmark interest rate for the first time since 2023. A higher rate from the central bank will inevitably lead to higher rates on borrowing products and select savings accounts. That could lead to significant interest-earning opportunities, particularly if you use a certificate of deposit (CD) account, which already came with rates in the low 4% range before the Fed's latest rate hike was even announced. Now, CD rates could tick up yet again, giving savers an even more profitable home for their money.

And, if they deposit a large, five-figure amount such as $50,000, that profit could be significant and even more so if they let the money grow in an account with an extended term, such as five years. Still, a $50,000 5-year CD won't be the best idea for most savers, especially those unsure of their capacity to keep the funds frozen in the…

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