For some savers, a $40,000 deposit into a CD account could be beneficial now. BanksPhotos/Getty Images

Depositing a large, five-figure amount of money into a certificate of deposit (CD) account may not seem like the best idea on the surface. Investing in the stock market can generally produce better returns than even the highest rate CD account can. Plus, with an investment in stocks and bonds, savers will have the ability to pivot based on market conditions. Locking that money away in a CD, on the other hand, will result in having to pay an early withdrawal penalty to regain access and shift strategies. And that's assuming a high rate can even be found, which will require a bit of work and, likely, the use of an online bank right now.

That all being said, the interest-earn

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