economy
$75,000 CD vs. $75,000 High-Yield Savings Account: Which Will Earn More Interest Over the Next Year?
We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms.
TL;DR
- A 1-year CD with a $75,000 deposit at 4.40% interest is expected to earn $3,300 in one year.
- A high-yield savings account with a $75,000 deposit at 4.10% interest is expected to earn $3,075 in one year.
- The 1-year CD is projected to earn $225 more than the high-yield savings account over the next year.
- The Federal Reserve may increase interest rates in September, which could benefit high-yield savings accounts but not fixed-rate CDs.
- Traditional savings accounts with an average rate of 0.38% offer significantly lower returns.