Why a CD is worth opening after inflation just surged

MoneyWatch: Managing Your Money Why a CD is worth opening after inflation just surged 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 Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance. Read Full Bio Matt Richardson April 10, 2026 / 12:44 PM EDT / CBS News Add CBS News on Google With inflation rising again, savers should strongly reconsider their CD account options. Andriy Onufriyenko/Getty Images News on Friday morning showing inflation surging in March may not have been totally unexpected, but it was still an unwelcome development for millions of Americans. For borrowers, in particular, already contending with elevated interest rates on a variety of products, this latest increase all but ensures that rates will remain elevated for the foreseeable future – assuming they don't even increase later this year. For savers, however, the latest inflation increase may be able to be exploited strategically, especially if they open certain savings accounts in response.A certificate of deposit (CD) account could be one worth serious consideration now. Interest rates can still be found on these accounts around 4% or higher, and those rates will be fixed, allowing for accurate long-term interest-earning projections. But those aren't the only timely reasons why a CD is worth opening after inflation just surged again. Below, we'll break down three others that savers should remember right now.Start by seeing how much interest you could be earning with a high-rate CD here.Why a CD is worth opening after inflation just surgedSavers shouldn't recklessly open a CD account at any poin...