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

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.

# Interest on CDs and Savings Accounts is Taxable. Here’s What To Know 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. **Read the full article:** [NerdWallet](https://www.nerdwallet.com/banking/learn/savings-cd-interest-tax) *This article was originally published by NerdWallet. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*