Here's how much interest a $25,000 long-term CD will earn if opened this July

A $25,000 long-term CD account merits serious consideration from savers right now. Getty Images/iStockphoto Interest rates change often and, depending on the product, they can even change daily. Mortgage interest rates , for example, can swing significantly day to day. Interest rates on savings accounts, however, though they can change too, are a bit steadier. That's particularly applicable now after the Federal Reserve has kept interest rates frozen throughout the first half of 2026. With no expectation that the central bank will cut rates when it meets again in July, and with the potential for an interest rate hike growing, savers may find now to be an appropriate time to start shopping around for high-interest-earning accounts. This is important to get right when considering a certificate of deposit (CD) account , as it comes with a fixed interest rate that won't respond to market conditions. So, if rates rise in the future, account holders won't be able to take advantage. They'll need to find the best rate they can right now. This becomes even more important, however, when a large, six-figure sum such as $25,000 is in play. And it's even more important to get it right for a long-term CD, which will lock those funds away for 18 months or longer. To determine the value of an account of this size and length now, savers should start with the interest-earning capacity. …