Interest on CDs and Savings Accounts is Taxable. Here’s What To Know

September 4, 2026 · 3:49 pm 2 sources

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• What Is a Savings Rate? How to Find Yours and Why It Matters
  NerdWallet · September 4, 2026 15:49
  A savings rate is the percentage of income you set aside for savings. Tracking yours can help you set savings goals that fit your budget.
• Interest on CDs and Savings Accounts is Taxable. Here’s What To Know
  NerdWallet · September 4, 2026 16:14
  The interest you earn on a savings account or CD is taxed at your regular income tax rate. See how that works and use our post-tax APY calculator.