A high-rate CD account could be a smart home for savers looking to safely grow and protect $50,000 now. Getty Images

If you have money in savings, no significant debt and extra money to work with, the conventional advice would be to avoid depositing a large, six-figure sum of money into a certificate of deposit (CD) account . Historically, stock market returns often supersede what savers can earn with a CD, sometimes significantly so. Passing on that possibility, then, often isn't worthwhile, especially when it means giving up access to a large, five-figure sum like $50,000. An early withdrawal penalty issued on that type of CD account can be costly.

But the economic climate of August 2025 is far from conventional.

Inflation just rose in May and June, after declining from a

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