While traditional savings, high-yield savings, and money market accounts feature variable rates that fluctuate with the economy, certificates of deposit offer a fixed rate that remains steady. For savers considering where to park $25,000 for a six-month term this September 2026, comparing rates is crucial. Current 6-month CD options offer rates around 4.00%, 4.15%, and 4.20%, which would generate approximately $495 to $520 in interest assuming no penalties before maturing in March. This return is slightly lower than last summer’s peak rate of 4.45%, which yielded about $550. Savers might benefit from shopping around now and potentially waiting past the Federal Reserve meeting on September 16, as a possible rate hike could push CD yields higher.
Source: cbsnews.com
